VA Streamline

With this loan, you are eligible for an interest rate reduction at no or minimal cost to you.

Make sure you have the lowest fixed rate available.

Other advantages of this program are:

1. No Appraisal
2. No Credit Check or income verification
3. No Fees / No Points / No Cost to You
4. Skip Two Mortgage Payment
5. In home settlements (10 days)
6. Have Your Escrows Refunded
7. Everyone qualifies
8. Simple to shorten or lengthen the term of your existing loan
9. Easily switch amortization for adjustable to fixed or vice versa
   
   

BENEFITS OF VA HOME LOANS

1. No Down Payment required when purchasing a home.

1. A VA mortgage loan is guaranteed with no money down for any loan up to $417,000.

1. If you have bad credit, you would likely get a much lower rate with a VA loan than a conventional loan, and if you have improved your credit history within the past year, you may qualify for the same low interest rates available to people with good credit.

1. Even with a loan-to-value ration of 100%, no monthly mortgage insurance is required for a VA home loan.

1. Often, VA mortgage loans are assumable.

1. The VA has released a hybrid ARM product. Veterans now have a choice of either a fixed rate or an adjustable rate VA mortgage.

1. Individuals with poor credit history are more likely to qualify for a loan under the VA Loan Program than other programs. Often, lower rates on loans will result in significant savings for the borrower. Also, the VA offers extra benefits to disabled veterans. Find out how much you can save with a VA Loan for active duty and veterans of the military.

ARE THERE ANY FEES FOR A VA MORTGAGE LOAN?
The department of Veterans Affairs requires a funding fee, which varies from zero to 3.3% of the loan amount, depending on your current veteran status. The funding fee is added into the total loan amount, so the borrower is not required to pay out of pocket.

Veterans who qualify as 10% disabled or greater as a result of active military service are not required to pay a funding fee. Those who are not exempt from a funding fee may lower their fee by putting money down on their VA home purchase.

WHAT WILL I NEED TO GET A VA LOAN?
A “Certificate of Eligibility” is needed to qualify. Whether you are a first-time user or you have been eligible in the past, you must have a “Certificate of Eligibility”. Complete this short form to request your certificate.

If you have a “Certificate of Eligibility”, you can pre-qualify for a VA home purchase now.