Posted on: 04th Mar, 2010 04:48 pm
i am looking to refinance my current conforming mortgage into a va loans. i have use my va certificate on the first home i purchase. that home has been sold and no balance is due on the va loan. the current i have on is 6.375% and looking to refinance into a 4.750% i been offer a fha loan options but would like to use a va loan up to 100% refinance.
It shouldn't be a problem if your home isn't in the Jumbo category. VA Lenders have overlays when the loan limit exceeds 417k, but you can generally receive 100% financing if the value is 417k or lower.
What are you seeing?
What are you seeing?
Hi jcowling,
You will have to contact lenders who offer VA loans and try to get approved for a refinance. Depending upon your financial situation, your credit score as well as the equity in the property, you would be able to get the loan.
This is a mortgage community wherein a large number of lenders participate in the forums. You can seek a no obligation free mortgage consultation from them and get to know what type of rates and terms you would get.
Thanks
You will have to contact lenders who offer VA loans and try to get approved for a refinance. Depending upon your financial situation, your credit score as well as the equity in the property, you would be able to get the loan.
This is a mortgage community wherein a large number of lenders participate in the forums. You can seek a no obligation free mortgage consultation from them and get to know what type of rates and terms you would get.
Thanks
