I have wrote many blogs in the past couple of weeks regarding what is the best performing loan on the market in terms of home lending and the answer is the VA home loan program at 100% financing with no money down. This loan is available for active military that has serviced at least 2 years and retired military personnel that have been honorable discharged.
This programs works great when purchasing a home and when refinancing a home. The benefits are: no down payment and no monthly mortgage insurance at any loan to value when purchasing a home. When refinancing an existing VA home loan the benefits are just as great, no appraisal if looking to do a rate and term only which is know as a IRRRL, cash out up to 90% loan to value and still no mortgage insurance at that high of loan to value.
The rates and cost are the least expensive among all programs on the market. There are fees a Veteran can not pay when obtaining a home loan. There are other benefits to the Veteran pertaining to the seller on what can be contributed from their side of the transaction.
So if you do not think you can qualify for this program, you may think again and call me right away to see what we have to offer. My volume for this loan program has picked up tremendously this past year and glad to see it happen. More Veterans deserve to own a home and do it with no money down and no monthly mortgage insurance making this a very obtainable program.
I have been a part of this industry since 1988 and have enjoyed it ever since, work with a mortgage professional that understands the product and will walk you through it step of the way.
Lets get started on the path towards owning or refinancing a home today. I look forward in hearing from you at 909-503-5600