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Thousands of people are using their VA Loan benefit every single month. Let us help you refinance a MN, WI, or SD home with no out-of-pocket costs to today's low interest rates.
A VA Loan still allows
you to do a streamline refinance, with reduced documentation and no appraisal
needed, or a cash out refinance for any reason up to 100% of the value of your
home. Conventional loans restrict cash out refinances to just 80% of today's
VA refinance loans have NO PMI = Lower Monthly Payments
VA Loan offers a HUGE savings benefit. They do NOT require monthly PMI, or
private mortgage insurance. PMI is an added monthly expense required for
conventional loans and FHA loans where the borrower finances more than 80% of
the home's value.
Interest rates are also typically lower with a VA Loan, than a conventional loan. A lower rate combined with monthly PMI savings can substantially lower your monthly payment.
The qualification guidelines are less stringent for VA Loans. Because the loan is backed by the government, lenders don't need to meet strict lending rules, and streamline refinances require even less documentation.
VA loans can be streamline refinanced with less documentation, and usually no appraisal (known as an IRRRL loan)
VA loans allow you to take cash out for any reason up to 100% of your homes value
VA home loans have limitations on which closing costs may be assessed to the veteran.
VA home loans have no prepaid without penalty.
Maximum (zero down) VA loan has increased to match conforming loans!
VA home loans may have forbearance extended to worthy VA homeowners experiencing temporary financial difficulty
VA performs personal loan servicing and offers financial counseling to help veterans avoid losing their homes during temporary financial difficulties
VA interest rates are generally lower than conventional loan interest rates.
VA home loans do not require mortgage insurance - this is a HUGE savings.
Mortgages Unlimited, Inc - St Paul Office
33 Wentworth Ave E, Suite 290
Saint Paul, MN 55118
Office (651) 552-3681
Fax (651) 994-6425
Mortgages Unlimited, Inc. Nationwide Mortgage Licensing System and Registry (NMLS) # 225504 Saint Paul Branch - NMLS # 387944. Joe Metzler, Licensed Mortgage Loan Originator NMLS # 274132. Minnesota Lic# MN-MLO-274132. Wisconsin Lic # 11418. South Dakota Lic # MLO.03095
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