VA Home Mortgage Rates
Veteran Low Rate Loans for Refinance and Purchase
Discounted Military Mortgage Rates

Our VA mortgage lenders provide the best VA mortgage rates available online for refinance & new home purchase loans. We offer discount interest rates for veterans seeking home refinance loans that ensure lower monthly payments with interest rate deductions. Veteran homeowners, who already have existing mortgage loans, may qualify for a streamline refinance loan that cut their interest rate quickly with very little costs involved. In some cases VA borrowers can lower their mortgage rate with no points and no fees being charged. Military home mortgages enable veterans to qualify for competitive interest rates even if they currently have low credit scores. The current VA mortgage rates are at record low levels, so recommend qualifying and locking in your home loan today to maximize the historic interest rates.

Fixed Rate VA Home Refinancing Guaranteed for 30-Years
100% VA Mortgage Rates VA Home Purchase loans 90% Cash Out Refinancing Refinance for Debt Consolidation Cash out for Home Repairs 30 Year Fixed Mortgage Refinancing for All Types of Credit Combine 1st & 2nd Loans together Past Bankruptcy OK- Low Credit OK Interest rates for VA home Loans have remained affordable.

Do you need to lower your mortgage payment with a fixed rate and get access to cash out, but suffer from a bad credit scores?

It is very common for Veterans to run into financial obstacles after leaving the service. Most veterans pay their credit card bills, car loans and mortgage payments in a timely manner, but sometimes unexpected expenses arise and force the borrower to be late on some of their debts. Unfortunately, when your credit card and loan payments fall behind more than thirty days, your credit score begins to plummet. In some cases, veterans were forced to refinance with a subprime loan that charged a higher adjustable interest rate and a significant pre-payment penalty. We can help veterans refinance out of their high rate ARM into a more affordable mortgage that guarantees a fixed rate for thirty years. Another benefit of work with our VA lenders is that we do not charge a pre-payment penalty for any type of VA home mortgage whether you are refinancing or buying a home for the first time.

What is a Certificate of Eligibility? The Veterans Administration uses Form 26-1880 which is called a certificate of eligibility. This form determines the eligibility for participation in the VA mortgage loan program . Complete a VA Form 26-1880, Request for a Certificate of Eligibility: You can apply for a Certificate of Eligibility by submitting a completed VA Form 26-1880, Request For A Certificate of Eligibility For Home Loan Benefits, to the Winston-Salem Eligibility Center, along with proof of military service. In some cases it may be possible for VA to establish eligibility without your proof of service. However, to avoid any possible delays, it's best to provide such evidence. How does my VA lender get my Certificate of Eligibility? Approved lenders can help you get your certificate of eligibility through the automated certificate of eligibility. Our VA mortgage lenders have access to this automated VA system. This web based system establishes eligibility while issuing an Certificate of Eligibility online. We recommend that if a veteran does not have their eligibility cert to request this from their VA lender about obtaining a certificate.

What Will The Fed Decision Do to VA Mortgage Rates?
by Drusilla Grubb

Federal Reserve System Chairman Ben Bernanke has lowered the rate the Federal Reserve System has established for banks to charge each other by half a point. How does this affect fixed interest rates for VA home loans? What does it mean for veterans refinancing their homes? What does it mean for government home loans? Unfortunately, the answer to all of these questions is, "Not very much." Will 100% home loans with no equity required still be available for veterans? Yes, but their interest rate will likely be higher than the rates available to those who are able to put 10 or 20 percent down on their homes.

Certainly the interest rate cut gave hope to many people who follow the residential real-estate market and boosted consumer confidence. Credit card interest rates are likely to dip a bit, as will new car loans, but the cut doesn't seem to have been enough to have a significant impact on the credit crunch, partly because the federal-funds rate has a greater impact on shorter-term financing, such as construction loans.

The cut, the first since 2003, won't do much for those borrowers facing possible loss of their homes. Although adjustable rate mortgages may not go up as much as they would have otherwise, the difference won't be enough to help those in real trouble. Many borrowers are going to be stuck with their current loans because lenders have stopped taking risks. If they can't make higher monthly payments or convince their lenders to modify the terms of their loans, many sub-prime borrowers will go into default and foreclosure.

While cuts in Federal Reserve System rates don't directly reduce VA mortgage rates, any rate cut is, ultimately, a good thing for veterans refinancing existing homes or applying for new VA mortgages. Because lenders know (or think they know) in advance when the Federal Reserve System will be cutting rates, lower VA mortgage rates are often available even before the Federal Reserve System announces a rate cut.

The exact rate a veteran can expect to pay varies on a new or refinanced mortgage depends on whether he or she is buying or refinancing and upon how many points he or she is willing to pay. However, based on the Federal Reserve System's recent cut, most veterans can expect to pay approximately 5.0-5.5 percent if they are refinancing their home without drawing out any cash, 6.25-6.5 percent if they are drawing cash out of their home and around 6.5 percent if they are purchasing a new home.