Why a VA Loan?

VA Loans are backed and guaranteed by the Veterans Affairs Administration, offering numerous advantages for veterans:

• • Streamline Refinancing (IRRRL): Veterans benefit from a simplified refinancing process, avoiding the need for appraisals, termite inspections, and income verification. You can complete and submit your application, including the rate lock, to processing and underwriting within a single day.
  • Leverage Your Benefits: Access the current market rates without needing to qualify every time you seek a rate reduction. VA homeowners can benefit from multiple rate reductions as long as there is a net tangible benefit.
  • Flexible Credit Score Requirements: VA loans have more lenient credit score requirements compared to conventional loans.
  • Straightforward Terms: VA programs offer no prepayment penalties and allow you to defer two months of mortgage payments—both the month you close and the following month. Additionally, you may receive a refund of your escrow balance paid to date. We will establish a new escrow balance to cover future taxes and insurance.