Now the good news. You can apply for and obtain a VA loan with any bank or mortgage lender that participates in the VA home loan program. And there are lots of them. So the VA loan application process won’t necessarily be painfully bureaucratic because you’re getting your home loan fro...
You can use your VA loan benefit more than once. Much more than once, in fact. Veterans and active duty personnel, as well as members of the Selected Reserves, are eligible for another loan at the same low VA loan rates enjoyed by first-time home buyers. The following guidelines apply ...
Don’t Miss: Questions To Ask Before RefinancingA cash-out refinance involves taking out a new VA loan based on the current value of your home, repaying your original loan, and keeping what’s left. The amount you borrow is repaid as part of your new loan. Many homeowners use a cash-...
VA loan eligibility requirementsare more lenient and flexible because the financing is backed by the Department of Veterans Affairs. The government backing allows lenders to be more lenient on the qualification criteria. As a result, VA loans are some of the easiest home loans to apply for when ...
No matter what part of the beautiful state of Virginia you choose to call home, we can help you find a home loan that’s right for you.Begin your mortgage application onlineor request a quote today! Still have questions?Contact us onlineor speak with one of our loan officers by calling ...
Unique support for first time buyers Discover multiple refinance options Turn home equity you’ve earned into cash Get VA Rates TrustScore ratings viaTrustpilot. VA home loan requirements The requirements for getting a VA home loan are similar to that of other home purchase loan types, but there...
Fees range from a little over 2% for first-time VA loan recipients, to 3.3% for repeat home buyers. The good news is you can roll this fee into your loan amount. In addition, closing costs are less, and often the seller can pay these costs, too....
For a first-time homebuyer putting down less than 5%, the VA funding fee would be 2.3% of the total loan amount. On a $200,000 home, 2.3% equals $4,600. Repeat homebuyers pay higher fees, but refinances through the VA’s Interest Rate Reduction Refinance Loan (IRRRL) require only a...
Additional VA Loan Requirements: Funding Fee: This fee varies based on your down payment and whether it's your first or subsequent VA loan. For first-time users with no down payment, the fee is 2.3% of the loan amount. With a down payment of 5% to 9.99%, it drops to 1.65%, and ...
“Rick did an excellent job of explaining and navigating us through the lending process. He was responsive to our questions, got us a great interest rate, and made sure we closed on time. Rick was always available and we highly recommend him. ...