We are expanding our loan programs with a new VA loan tailored to support veterans, active-duty service members, and their families in making their homeownership dreams come true.
VA Standard, the program with no down payments for all purchases, provides your clients with quicker access to property without waiting to save up.
VA Interest Rate Reduction Refinance Loan (IRRRL), with no need for appraisal, eliminating a step in the loan procedure, thus speeding up closing.
VA Standard
The VA Standard give your clients the freedom and flexibility they deserve. It’s designed to help veterans, and their families buy, build, repair, maintain, or adapt a home for personal use.
Program highlights:
- $0 down payment for all purchases
- Loan amounts up to $2 million
- Min. FICO 580
- Up to 100% CLTV
- No PMI
- Limited closing costs
- Temporary rate buydowns available
VA Interest Rate Reduction Refinance Loan (IRRRL)
The VA IRRRL allows borrowers to reduce their interest rate and monthly mortgage payments with minimum paperwork and underwriting requirements.
Program highlights:
- Loan amounts up to $1.5 million
- Min. FICO 580
- Up to 100% CLTV
- High balance allowed
- No appraisal required
- Only ownership certification required
- $500 cashback from incidental changes at closing
Contact us today to take advantage of our new VA loan programs and provide the best lending experience to your clients!
