I just saw on Twitter that VA Loan volumes for the fiscal year were confirmed 80% up from last year. Most of that was thanks to a jump in refinances.
Last fiscal year saw 37,300 refinances, while this year registered 180,900 according to a report on National Mortgage News.
The most important thing to note from this (for me at least) is what the director of the VA program said about the continued strong performance of VA's versus other types of loans.
Agents and borrowers may get frustrated with the guidelines of a VA Loan, but the fact is the strict appraisal rules and other regulations are there for a reason - to make sure the transaction is a good one.
As always, if you have any questions about the VA program or VAMC in general, let me know.
-Nate
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