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I’ve heard of VA refunding. What is it?

April 26, 2017heard I’ve refunding VA

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10 Posted

I’ve heard of VA refunding. What is it?

1 Answer

0

10 Posted

“Refunding” is a term used when the VA purchases a loan from a private lender. It is a very rare occurrence. If, for reasons beyond your control, you missed some loan payments but were able to make them now or in the near future and your current lender wasn’t willing to work with you, the VA could purchase your loan from the lender and you would pay the VA directly.