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my question is how to convert VA loan into a Conventional loan

by lovespades573 from Ashland, Louisiana. Feb 4th 2014 Reply


Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

You would need to refinance.

Feb 4th 2014
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Christine Ellison (cellison)
#25 ranked lender in Louisiana - 8 contributions

You would have to do a refinance if your going from VA to Conventional- What would be the purpose of going to a conventional loan? Looking to purchase another home using VA? Call me to discuss - Christine @ 985-956-7555 - Look forward to hearing from you!

Feb 4th 2014
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Steffnie Parsons (Steffnie)
#14 ranked lender in Oklahoma - 61 contributions

This is easy, but I would just like to know why would you want to convert your VA loan into a Conventional loan. VA rates are much lower than conventional rates and you can get cash out up to 100% of the appraised value. Also, if you just wanted to lower your interested rate you can do a VA IRRL and not have to do an appraisal. I can be of assistance to you please feel free to contact me. Steffnie Parsons 405-445-1091

Feb 4th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,908 contributions

There is no way to "convert". You need to simply refinance...

Feb 4th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,683 contributions

You cannot convert your VA loan into a conventional. You can however refinance into a conventional loan. Currently VA loans have a lower rate than conventional, they don't require mortgage insurance, and if your a disabled vet, you would not have to pay a funding fee.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 4th 2014
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