Calvet home loans....? (insurance, financing, buying, 100,000) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

sfw1979 · 11-04-2008, 05:48 AM

Anyone an expert in this area? I looked at thier site and it seems about the same deal as a VA loan. Lowest apr was 5.95 % and right now the lowest VA loan is 6.0&....

Just wondering if there is really any big difference between the two?

VictorBurek · 11-04-2008, 05:59 AM

LTV is loan to value. So if you are buying a home for lets say $100,000 and you put down 20%, your loan to value would be $80,000 loan / $100,000 value = 80% ltv

If you can qualify on a VA loan, that would be the best way to go. VA still offers 100% financing, great rates and no monthly mortgage insurance.