We appreciate the service of American men and women who have served in our armed force. One of the most valuable benefits military personnel and veteran receive is a break on their home mortgage. VA mortgages, also called direct VA loans, enable them to purchase a home with no money day.
More than 29 million veterans and active duty personnel are eligible to take advantage of the VA Mortgage Loan program. With your VA certificate of eligibility, Sam Azares will guide you through the VA Home Loan process. We understand the VA loan requirements and want to help you take maximum advantage of a truly great benefit.
If you currently have a VA loan on your home and want to reduce your mortgage payment, the VA will allow you to streamline your existing loan with no out of pocket expenses and no income verification.
If you currently have a VA loan on your home, you may be able to pull cash out. This would depend on the amount of equity that is in your home. You could go as high as 90% of the appraised value of the home on your new VA loan.
If you currently do not have a VA loan but have VA eligibility, you may convert your existing conventional loan to a VA loan. The benefits would be to take advantage of record low rates, no mortgage insurance required and to refinance to higher loan to values then non-conforming conventional loans allow. You can even take cash out up to 90% of the value of your home. Some states such as California have high balance county limits up to $1,000,000.
Call Sam Azares at 520-494-3710 for more information on VA loans in 85704, plus our many other available loan programs.