The other day I heard some expert on a very sophisticated podcast answer a call-in question concerning VA Loans. The person said, “I am considering getting a VA Loan”. The expert responded that they should stop considering it because their fees are too high then went on to another boilerplate topic.

I thought that Veteran Administration loans should be defended. To do so, I decided to use the Ben Franklin Close. It is also known as the List Close. It is old fashioned but some people swear by it. Ben used to make a Pros/Cons list so if the close is good enough for him, it is good enough for me. For my Pros I used for reference.


  • Fees are too high


  • No Down Payment
  • No Private Mortgage Insurance
  •  Competitive Interest Rates
  • Relaxed Credit Requirements
  • Closing Costs Limits
  • Lifetime Benefit
  • No Prepayment Penalty
  • Foreclosure Avoidance Counseling
  • VA Appraisals
  • Acceptable Income Classes Expanded
  • Variety of Loans
  • Funding Fee Exemptions
  • Assumability
  • No Loan Limits

So let’s sum up our findings. Cons: 1 Pros: 14. Seems clear to me, the pros outweigh the cons! So let’s consider VA Loans!

You will be helping show that we appreciate the prospects service. In my classes, the students always say that VA loan prospects are the nicest clients they ever work with – so let’s do it!

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