07/31/2021
🚨🚨🚨All Listing Agents🚨🚨🚨
Please listen for a moment.
I know many of you have thoughts, feelings, and firm beliefs about how VA Loans compare to Conventional loans.
But as loan officer, we usually just describe the pros of a VA loan from a financial view and why that makes it better.
I get it. Best financial efficiency doesn’t really matter to you and your seller if the loan doesn’t close-right?
You care about which is most likely to actually close. And all your years of experience, your gut, and your managing broker all know Conventional loans are more likely to close than VA Loans.
Please listen-it isn’t true. See below.
What you’ll find is in 2020, VA loans were almost 4% LIKELIER to close than conventional loans.
Ahem-In 2020, VA loans were almost 4% likelier to close than conventional loans.*
Every time you accepted a conventional loan over a VA loan in 2020, you gave your Seller LESS of a chance to close.
This isn’t my experience. It isn’t my gut. It isn’t my emotion. This is Data. And we should all allow data to drive our operations. Not emotion and history. Things change, and we should also.
VettedVA believes the best way to liberate a consumer is through education. Part of the difficulty educating Veterans why their VA Loan is actually great is because many of you are stating things that are not true. This untruths are harming Veterans, and quite possibly even your own clients.
I know that isn’t what you intend or want. But ignorance isn’t an excuse for a professional. And ignorance is a word that applies to all of us at some point. Don’t let it it hurt you. Let it sink in.
Source: Polygon Research, HMDAVision.