If you are in the US military and want competitive VA mortgage refinance offers for Veterans and active armed force homeowners, then you have come to right lending source.
Military families and Veterans are offered discounted mortgage rates for home purchase loans and mortgage refinancing with good and bad credit. Conventional home mortgage lending has tightened, but government home loans for active military personnel and veterans have never been better.
VA loans are exclusively available to military Veterans and active-duty personnel in the Armed Forces, and surviving spouses possessing a valid Certificate of Eligibility (COE). Individuals failing to meet the fundamental service requirements will not be eligible for a VA loan.
Locating an excellent VA lender for military borrowers can be a time consuming task, particularly for first-time home buyer applicants. It involves considerable effort, with military finance lenders employing unfamiliar terms that you may not have encountered before. If your goal is to find an experienced VA lender, we can help accomplish that and there is no fee for our services.
The confusion arises when comparing rate quotes from various VA lenders, given the numerous options available to the borrower. How can you streamline the process and accurately assess rate quotes from different lenders?
Military Home Financing and VA Mortgage Refinancing
Securing home loans can be hard, but military members and veterans can take advantage of a number of home financing options including 100% loan to value loans – thereby eliminating the need for a down payment – with no appraisal required and no cash needed for closing costs. Loans guaranteed by our government offer competitive interest rates.
Even veterans with bad credit are allowed to take advantage of low mortgage rates because the program is not driven by credit score ratings. Shop VA refinancing for bad credit.
Home Refinancing Applications are up across the U.S. as military families and veterans look to secure fixed rate loans that save them money!
Attention Military Residents: The VA mortgage loans allow veterans to finance 100% of home purchase loans. FHA home loans allow consumers to get a low competitive interest rate with a new purchase to 97% and 95% for cash out refinancing.
Refinance Adjustable VA Home Loans with Affordable Low Fixed Rate Loans!
For veterans with a year of timely payments, obtaining a loan is possible, irrespective of their credit history. The key financial consideration for a VA Home Loan revolves around the relationship between the borrower’s income and their monthly mortgage payment, known as the debt-to-income ratio.
Non-veteran consumers do not have access to veteran home loans or refinancing options like VA mortgage refinancing. VA streamline refinancing and ensures veterans receive the lowest rates with reduced closing costs.
Various benefits for veterans are offered by both state and federal governments, along with diverse online support groups. Guarantees on home loans for first-time homebuyers are provided by both state and federal governments.
Recent legislation has increased the maximum amount of a VA loan to $417,000, surpassing the national average home value of $190,000. The loan acquisition process is significantly streamlined, with VA loan approval potentially coming up to two months faster than alternative methods. Most VA loans can be closed in under three weeks after completing a purchase contract.
Furthermore, VA loans eliminate the need for Private Mortgage Insurance. While a funding fee is required for VA loans, it’s included in the loan. Veterans utilizing VA loans can also seek assistance if they encounter difficulties making payments.
Eligibility for VA loans extends to veterans who have served 90 days of active duty during wartime or 181 continuous days during peacetime, as long as they weren’t dishonorably discharged. National Guard members and reservists qualify after six years of service, and in most cases, surviving spouses of deceased veterans are also eligible for these loans.
