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Does VA establish the interest rate on VA-guaranteed home loans to veterans?

April 26, 2017home loans Interest rate VA va-guaranteed veterans

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Does VA establish the interest rate on VA-guaranteed home loans to veterans?

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Legislation enacted in October 1992 lifted the requirement for VA to set interest rates. Under the law, interest rates and the payment of discount points are now a matter of negotiation between the veteran, seller and lender.