Do I have to take a fixed-rate VA loan in today's market?

Mortgage and Lending with Henry J Daniels (936) 228-1944 NMLS #209419

In today's market there is generally nothing to gain by obtaining a Adjustable Rate VA Loan.  In fact we have a NO ARM policy that unless specifically asked for we will never recommend that any borrower, Veteran or not, obtain an Adjustable Rate Mortgage.  Here's how an ARM works: The adjustable rate loan, where interest may be adjusted one percent annually, up to five percent over the duration of the loan period. With rates only a percent or two off of the lowest rates we've seen in a generation the odds of your rate going down is small and even then only a small amount but the odds that it will go up by 5% during the term of the loan leave little reason to choose an ARM.  Also the base or starting rates of ARMs are currently just a bit higher than fixed rate mortgages.  In the end analysis it doesn't matter if you are going to stay in your new home for 3,4 or 20 years the ARM will generally not make financial sense in today's market.

The VA is in the business of loan guaranty, but the choice of which loan to take is strictly up to you. It's also a good idea to look for businesses who make a habit of cultivating customers who are veterans--you may find their expertise in VA matters quite valuable to reduce unnecessary waiting times on paperwork.

For additional information feel free to contact me directly @ (832) 519-0695) or email me @

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Henry J Daniels, Senior National Mortgage Banker for Goldwater Bank N.A.  he specializes in educating clients on the new realities of today's mortgage lending market and providing solutions to all of your home financing needs.  

If you need Custom Home Construction, Rehab, FHA, VA, USDA, Conventional, Jumbo or Construction mortgage Nationwide he can help you understand all of the options available and provide you with true financing choices.  

You may contact him at (936) 228-1944

  Copyright © 2017 Henry J Daniels

The views expressed are mine alone and do not necessarily reflect the views of any company I may work for.

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Henry J. Daniels - Sr Loan Officer

Nationwide Construction, Rehab,Conv & VA/FHA/USDA
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