Kumar Sista

VA loans, backed by the US Department of Veterans Affairs, help eligible borrowers buy or refinance with strong terms.
Some originators avoid VA loans, citing misconceptions like harder approvals or longer closings; a VA-focused officer disputes them.
Veterans report being turned away by lenders or pushed toward conventional loans that can cost more money.
Misunderstanding extends to real estate agents, who may turn away VA buyers; some lenders worsen perceptions by mishandling deals.
An experienced VA loan officer urges studying the VA Handbook 26-7, using common sense, and not rushing to say no.
I’m seeing how misunderstandings about VA loans can keep veterans from getting the benefits they earned. Better education for loan professionals and real estate agents can reduce turnaways and improve access.

Misconceptions About VA Loans Hurt Mortgage Industry

Buyers Wait, Demand Builds
Mortgage applications ↓ as rates moved from high-5% to mid-6%, with agents reporting market uneasiness.
Job-security worries, especially among white-collar buyers, added uncertainty as the Fed weighed potential war-in-Iran fallout.
A mortgage executive said pent-up demand remains, inventory has opened up, and homes are sitting longer.
Some Fed officials still expected rate cuts this season, though oil-price spikes complicated near-term advocacy.
Industry data showed demand rises when rates fall; brokers were urged to use tech and referrals to scale.
I’m seeing buyers stay cautious as borrowing costs rise and job worries linger, yet underlying demand hasn’t disappeared. More listings are available, and many professionals are preparing for activity to rebound when rates ease.