[jennyjenny]

I understand how VA loans work. I was responding to the comment that said “encouraging people to buy homes without a substantial downpayment is idiotic.” These loans, with no down payment, have performed very well.

[Freedom4US]

Well I mentioned it only because other people may be reading this... Broadly speaking I think rewarding military veterans makes good sense and esp. after world war II but as mentioned there isn’t much advantage to VA loans (well, at least up to a few weeks ago); the nostrom of no-money down ninja loans was applied liberally for everyone. It’s just got to end badly.