VA Add Home Improvements to a Purchase

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The VA Streamline Refinance is a special mortgage product, reserved for homeowners with existing VA mortgages.

FHA Streamline Refinance

VA Streamline Refinances are the fastest, simplest way for VA-insured homeowners to refinance their respective mortgages into today's mortgage rates.

The VA Streamline Refinance program's defining characteristic is that it does not require a home appraisal.

 

The VA offers streamline refinances on existing VA Mortgages.

 

The term  "streamline" refers to the amount of documentation required.

 

The Benefits of a VA Streamline Refinance:

 

  • Appraisal usually not required

  • Very little paperwork

  • Lower credit requirements, income verification, employee verification, and underwriting fees

  • Easily increase or decrease the length of the term of your existing loan

  • Take advantage of current low interest rates

  • Little or no out-of-pocket costs

  • The basic requirements of a streamline refinance are:

  • The mortgage to be refinanced should be current (not delinquent).

  • The refinance is to result in a lowering of the borrower's monthly principal and interest payments.

  • No cash may be taken out on mortgages refinanced using the streamline refinance process.

     

     

     


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VA Loan Information

 

The VA does not lend money. The VA (Veterans Administration) is part of HUD & backs individual Approved Lenders.

 

Our responsibility is to help you find the best VA Approved Lender who can help you secure financing.

 

 When you fill in our short application we will provide your information to one, (and only one)  VA Approved Lender who can help you based upon many factors, including your Credit Score, your State Location, and the Type of Loan you apply for. Our responsibility is to help you find the best VA Approved Lender who can help you secure financing.

 

Note: We are not affiliated with the Veterans Administration, the Department of Housing and Urban Development, or any other government agency. We are an VA Educational Resource.


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VA News & Information

Last week's drop in interest rates sparked a surge in purchase mortgage application volume for the first time in over a month.