VA Loan Rates for February 7, 2020. Typical VA Loan Amounts Grew
VA Loan Approval Rates Improved
Having said that, it is become better to secure approval for the VA loan compared to past years. The closing that is average of VA loan requests went as much as 73% in 2010, up from 56per cent in 2014, so that as low as 65% in 2018.
VA purchase applications regularly see higher prices of approval than refinance applications: three away from four purchase loans make it to closing, while just around 66percent of VA refinances are able to shut.