VA Loans

September 26, 2013

VA Loans: Refinance or Purchase A Home


With VA Loans, refinancing qualifications are easy to meet. No down payment when buying a home. VA loans make getting a mortgage easy. Would less stringent qualification and credit requirements help you? Are your down payment funds not enough for a conventional loan? If you already have a VA Loan, would you like to save money with an easy and fast IRRL Streamline refinance?

If the answer is yes to any of these questions, a VA Loan may be right for you! A VA loan is the easiest way to qualify for refinancing or home buying if you are a honorably discharged veteran. VA Loans give you a government-insured loan with fixed rate options.

VA Loan Qualification Requirements

  • Certificate of Eligibility
  • 620+ credit score
  • Co-borrower must be veteran’s spouse or un-remarried surviving spouse of an eligible veteran who has passed away due to service related injuries

How A VA Loan Works

  • 30, 25, and 15-year terms are all available with fixed rates
  • You can pay your mortgage at any time without any pre-payment penalties
  • Your payment will depend on your situation and the current interest rates.

VA Loan Options

  • Receive a lower funding rate by placing a 5% or down payment

If you need advice specific to your situation, please contact us below or at 708-531-8388.

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