21 May 10 VA Mortgage Program Ensures 100% Loans
VA Home Mortgage Loans Co. is pleased to announce the 100% loan, under the VA loan program. For first time home buyers and military veterans, this is a good sign. For VA homeowners who just need a lower interest rate, the VA streamline refinance automates the refinancing process and does not require an appraisal. This means that borrowers who have a mortgage that is greater than their home value may still have an option if they are eligible for a VA mortgage. 100% VA loans are not as accessible as they were a few years ago. Take advantage of the current VA mortgage rates and lock into a 30-year fixed rate loan that is available foir 4.875% for qualified borrowers.
If you are a veteran or active member in today’s military and you’re interested in a cash out or a VA streamline refinance, this VA loan program may be worth looking into. Cash out refinancing is available to 90% and rate and term VA refinancing is available to 100%.
VA home loans offer veterans many financial benefits:
- No Down Payment Required –
- VA Guidelines allow bad credit
- No Private Mortgage Insurance
- VA assistance to veteran borrowers in default due to temporary financial difficulty
- Disabled Veterans have the VA funding fee waived
100% financing means you may qualify for zero down financing that enables you to save some money.
