The VA Home Loan Program for Orlando Veterans

US Army Soldier in Universal Camouflage

Start your buying process now!

As a formal United States Marine, VA Mortgage loans are very special to me. Working with my fellow Veterans and helping them build a clear mortgage plan is a priority. 

Why a VA Mortgage Loan?

(1) Zero Down Mortgage

(2) No Monthly Mortgage Insurance

(3) Extremely Competitive 30-yr-Fixed Rates

VA Loan Rates

VA Interes rates and APR's tend to be lower when compared to other home loan mortgage programs. Indidivual interest rates for VA Loans are still dependent on your personal situation. those factors that can affect VA interest rates include your credit scores, how much your down payment is, the value of the home, etc.

The VA's Cash-Out Refinance

This Loan gives qualified veterans the opportunity to refinance their conventional or VA loan into a lower rate while extracting cash from the home’s equity. With the Cash-Out refinance, you have the opportunity to turn the equity in your home into cash. This shouldn’t be confused with a home equity loan, which is a second loan that runs alongside your current loan. The VA Cash-Out refinance loan replaces your existing mortgage instead of complementing it. Qualified homeowners can refinance up to 100 percent of their home’s value for mortgage debt in some cases. In others, homeowners can refinance up to a lower percentage and use the cash to cover debt payments and other needs.

VA Streamline (IRRRL) Refinance

 The Streamline refinance, or Interest Rate Reduction Refinance Loan (IRRRL), is one of the best options for homeowners who already have a VA Loan and would like to refinance into a lower monthly mortgage rate. This refinance type is relatively easy and can be completed quickly, due to the fact that homeowners are refinancing from one VA Loan product to another. With this type of refinance, there are several prominent advantages, including no required appraisal in some cases, no need to obtain another Certificate of Eligibility and little to no out-of-pocket costs. To avoid out-of-pocket costs, homeowners can choose to roll the closing costs and fees into the balance of the loan. There are only a few requirements and stipulations. Primarily, the borrower is not allowed to receive any cashback from the IRRRL and the borrower must also certify that he or she currently or has previously occupied the property.

Start your buying process now!

fair housing logo.png