VA loans allow eligible active duty military and veterans to purchase or refinance a home without many of the barriers that come with most other loan types. These government backed loans offer more flexibility in underwriting guidelines, allow for a wider range of credit scores and are available up to 100% loan-to-value (LTV).
VA Loan Benefits:
- Up to 100% financing available
- Does not require private mortgage insurance (PMI)
- Flexible underwriting guidelines
- Credit scores as low as 620
- Debt-to-income ratio up to 50%
- Low fixed rates available
- VA loans are assumable (with VA approval)
VA Streamline Refinance
The VA Streamline Refinance program, also known as the Interest Rate Reduction Refinancing Loan program (IRRRL), allows veterans who are current on their existing VA home loan to quickly and easily refinance to the lowest fixed rate available, with little to no out-of-pocket costs.
VA Streamline Refinance Benefits:
- No appraisal is required
- No income documents are required*
- No credit check is required*
- Closing costs can be rolled into the loan
*May be required in certain circumstances.
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Most people will only buy a few homes in their life and each home purchase may be the largest financial decision they have made to date. So, it's understandable that you need to find an option that is right for your financial situation and the right expert to help you through the maze of home financing. That's were we come in. Whether you've purchased homes before or you have little to no experience in buying a home, we will make sure no question is left unanswered. We believe in doing the right thing, for the right reason – that means you will receive personalized service through each step of buying your dream home. We do this with a team of experienced mortgage lenders who understand the industry and will help you with what you need, what to expect and how to get in your home quickly and easily. After all, that's what we do - everyday.
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