I qualified for a USDA loan but I am also a veteran. Should I apply for a VA loan too?

A lot of info is missing, but your probably better off going VA.. both will do zero down, but with VA there are fee's that the lender cannot charge you so your costs will be slightly lower, and with VA there's no mortgage insurance.. Also, if your a disabled vet, you will not have to pay the upfront VA funding fee.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hello Harold.There are a lot of options between the two programs. But for a smoother process I would go with a VA loan. Under USDA the property has to be in an approved area zoned for USDA and there income limits. Now min credit scores have been raised and debt to income ratio has been lowered. Please give me a call I can go over in detail on the two loan programs.David Tominaga.Mortgage Banker NMLS# 224944.Bank Of England / ENG Lending / Since 189826040 Acero Mission Viejo CA 92691www.bankofengland-ar.com949-302-6350 Direct877-900-4762 Toll Free ext 318949-544-0419 EFaxA+ RatedMember FDIC and Equal Housing Opportunity LenderDepartment of Housing & Urban Development ApprovedENG Lending is not acting on behalf of or at the direction of HUD/FHA or the Federal government.

VA is a better choice, and is available in all areas, not just rural areas, which USDA serves.

You can do both!

I agree, VA is the better choice with all things considered.

Harold -- I am going to go with the majority -- that you should go with the VA. Beyond the fees you don't have to pay, the USDA has the equivalent of mortgage insurance that is payable monthly for as long as you have the loan. Additionally, usually the VA loan rate may be slightly lower and take considerably less time to finalize.

I you are an eligible Veteran the VA loan is the best loan ALWAYS. Find a Lender 411 Loan Officer that has experience with VA loans in your area. The biggest difference is that the VA loan has no Mortgage Insurance. USDA RD Loans have MI for the life of the loan. Thank you for your service and good luck.

Both loans are awesome loans... Both are zero down payment. But assuming you qualify for both, you are slightly better off with a VA loan because while USDA has very cheap mortgage insurance requirements, VA loans have none... On an $100,000 - that is an automatic savings of $40.00 per month to go VA... www.VA-IRRRL-Loan-MN.com

Yes, you should get pre-approved for both programs and select the best one.

Unity West Lending has a 5 year rate protection program which enables you to take advantage of a lower rate if they should come down after you close a loan with us, for no cost not even an appraisal. Many of our clients have already taken advantage of this great program up to 3-4 times within the last 4 years. Please, take these benefits into consideration for your own peace of mind. I have some extremely talented CA Licensed Loan Officers here to assist you whenever you have about 5 minutes to simply call in for today's rates or get started on your loan by filling out an application on our web-site. Also, you have the option of calling me and I would be happy to connect you with one of our Veteran Loan Officers available for you Monday through Friday from 8am - 6pm. Give us a try, we want you to succeed in achieving your financial goals and we would be honored to help you with that! 714-881-5970