VA Loans

Determine Your Eligibility for a VA Loan

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You may be eligible for a VA loan if you meet AT LEAST one of the following requirements:

• You have served 90 total days of active service during wartime or 181 continuous days of active service during peacetime.

• You served less than 90 days of active service during wartime or less than 181 days of active service during peacetime if you were discharged for a service-connected disability.

• You served six creditable years in the Selected Reserve or National Guard.

• You are the surviving spouse of a Veteran who lost their life while serving or as the result of a service-connected disability, and you have not remarried.

A Certificate of Eligibility (COE) shows that you are VA-eligible and can be obtained from the VA online or by mail.

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VA Refinance Loan Options

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VA IRRRL (Interest Rate Reduction Refinance Loan)

Do you want to reduce your monthly mortgage payment or make your payment more stable? A VA IRRL may be the right choice for you! This is available for those with an existing VA-baked home loan.

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Advantages of a VA IRRRL:

• Lower interest rate for a lower monthly mortgage payment.

• Move from a loan with an adjustable or variable interest rate to one that is fixed for a constant payment.

• Option to roll closing costs into the total loan for little or no out-of-pocket expenses.

• No appraisal, few documents needed, and flexible eligibility requirements.

 

NOTE: You must prove that you currently live in, or used to live in, the home covered by the loan.

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VA 100% Cash-Out Refinance

Are you ready to remodel? Pay off debt? Lower your interest rate? You may be able to with this 100% cash-out refinance!

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Advantages of a VA 100% Cash-Out Refinance:

• 100% cash-out refinance (including funding fee)

• 620 minimum credit score

• 45% max debt-to-income ration

• 30-year term

• $1,000,000 max loan amount