Why a VA Loan?
- VA Loans are backed and Guaranteed by the Veterans Affairs Administration.
- Streamline (IRRRL) allows for Veterans to avoid the need for Appraisal, Termite Inspections and Income verification.
- If you are current on your mortgage, you would have already qualified for the VA home loan. Must be a benefit!
- Take advantage of your benefits by having access to the current market rates. Conventional home owners need to qualify every time they want a rate reduction. VA home owners have the ability to do multiple reductions as long as there is a net tangible benefit.
- Credit score requirements are not as strict for VA home loans.
- All VA programs are pretty straight forward, NO Prepayment Penalties and the ability to deffer two months mortgage payment. You can deffer the month you close in and the following month. Also you can receive an escrow refund of your current paid to day balance. We will create a new escrow balance for you to take care of future taxes and insurance.