
VA Loans
Determine Your Eligibility for a VA Loan
​
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.
​
​
VA Refinance Loan Options
​
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.
​
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.
​
​
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!
​
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
