Benefits of VA Loans

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VA Purchase

1. 100% financing (0 down payment) up to $721,050

2. Lower monthly payment- VA loan interest rates are typically lower than conventional rates

3. Flexible credit guidelines

4. The VA funding fee can be financed into the loan

5. No funding fee for service members who are >10% disabled due to service-related injury


VA Refinance

commonly called an IRRRL (Interest Rate Reduction Refinancing Loan)

1. 100% cash out refinancing

2. Ability to refinance up to 100% the value of your home

3. Owner occupied VA loan can be refinanced with no appraisal and minimal documentation


VA Loan Eligibility

  • served 181 days during peace time (active duty)

  • served 90 days during war time (active duty)

  • served 6 years in Reserves or National Guard

  • spouse of a service member who died while in service or from a service-connected disability