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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 for 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.

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