A Standard VA Refinance
What's it about?
The government provides special benefits to veterans who wish to refinance their current mortgage. Whether you currently have a VA loan or a conventional loan, you may take advantage of these VA refinancing benefits. A VA refinance can save you a large amount of money over the course of your loan.
Benefits of a VA Cash-Out Refinance
- With a VA Refinance, you can take cash out up to 90% of the value of your home at the low VA rates and terms.
- A VA Home Loan Specialist can determine how much money you would qualify for and provide information about interest rates and monthly payments.
- Monthly mortgage insurance is not required, which will save money each month.
- The maximum loan amount has been increased to $417,000; however, a loan greater than $240,000 requires greater home equity.
For cash out financing or to refinance an existing conventional or FHA loan, Income and credit history requirements must be met. We can also help you learn more about what options are available when you are looking to refinance an existing VA Loan.
One you are ready to begin the no obligation process, apply online or contact one of our VA Refinance Specialists.