Va refinancing for u.s. veterans
you served with honor — now it’s our turn to serve you
SERVING YOU FROM HOME TO LOAN
We are the number one stop in the Southwest region for simplifying the Homebuying Process. We’ve been serving the Southwest area for more than 35 years, and we do it with pride.
Discover our affiliated business, Global Realty Alliance, where our team can assist you with finding the home of your dreams. Although it is not required, if you work with Global Realty Alliance.
USDA LOAN
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Guaranteed by the USDA, this mortgage was originally created to help rural Americans purchase a home of their own. USDA financing provides significant benefits to homebuyers in a wide variety of areas around the country.
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The USDA home loan was created to improve the economy and quality of life in rural and suburban America. It has less stringent qualifications and credit requirements compared to many other mortgage options. Income limits vary by location and depend on the size of your household.
And while a USDA-backed mortgage may seem like it is only meant for those familiar with the country, you may be surprised at how accessible this home loan is. Eligibility is simply a matter of meeting the income and location requirements.
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The USDA mortgage offers qualifying borrowers the option of no down payment when they purchase a home in designated rural areas.
If you’re interested in a USDA home loan, getting pre-qualified now is a great place to start. Talk to your Loan Officer to see if you qualify for a USDA home loan today.
CONVENTIONAL LOAN
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A Conventional home loan can offer great rates and flexible qualifying guidelines. A Conventional loan is also known as a Conforming loan because it conforms to the standards set by Fannie Mae and Freddie Mac—which are two agencies that help standardize the mortgage industry. The maximum conforming loan limit for one-unit properties is $510,400 (or $765,600 in high-cost areas). If you need mortgage financing for more than that amount, you should look at Jumbo loan options.
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Conventional financing appeals to a wide demographic, although it is best suited for those with a good credit score. While you can still qualify with a lower score, there may be higher costs associated with your mortgage.
If you have good credit and money for a down payment, you can take advantage of some great options with a Conventional loan. Be sure to check with your Loan Officer about your specific situation.
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A Conventional loan can require as little as 3% down, making it a great option for those who do not want an FHA loan. While Conventional loans do require mortgage insurance if you are putting less than 20% down, you can cancel the mortgage insurance after your home equity reaches 20%. Even better, Conventional financing does not require Upfront mortgage insurance like an FHA.
If you're ready to start your home buying journey, speaking to a loan officer is a great place to start.
Get pre-qualified now and we'll review your current financial situation and credit score to help you find the best option for you.
VA LOAN
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A VA mortgage is fully backed by the U.S. government and is one of the most attractive and flexible mortgages available. It was specifically designed to honor our Veterans and active-duty military personnel and assist them with getting into a home of their own.
A VA loan offers up to 100% financing for borrowers with sufficient entitlement to qualify. It also has more lenient credit and qualifying guidelines compared to Conventional mortgages. Even better, a VA mortgage does not require monthly private mortgage insurance, which could result in hundreds of dollars in savings annually.
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VA home loans are available exclusively to qualifying active-duty service members, veterans, reserve members, National Guard members, and eligible surviving spouses. To qualify for a VA loan, you must have sufficient credit and income and a valid Certificate of Eligibility (COE). Get pre-qualified now to get the process started!
If you are unsure if you meet these requirements, be sure to check with your local Loan Officer. They’ll be able to look at your specific situation and help you figure out if you can qualify for VA financing.
You can also Refinance your existing VA loan and obtain a lower rate with a VA Interest Rate Reduction Refinance Loan (IRRRL) or a cash-out refinance loan.
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One of the most appealing benefits of a VA mortgage is that, in most cases, a down payment is not required. That means you can finance up to 100% of the loan as long as the amount is at or under the local conforming limits.
Not sure if you qualify for a VA home loan or if you meet the guidelines to buy a home with no down payment? Contact your local Loan Officer to get pre-qualified today and discover how to take full advantage of your much-deserved VA benefits.