Understanding VA Home Loans and Mortgage Rates
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Knowing whether you
qualify for a VA mortgage rate is the first step to owning your own home. There are many types of VA home loans that may apply to your particular situation. If you are looking to purchase or looking for a VA mortgage refinance, we are here to help you find the right loan at the right rate.
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If you are one of the many service members that are considering purchasing a home in Arizona, you may want to let us help you check out the benefits of a VA home loan before you go any further. VA mortgage rates change over time and if your interest rate has dropped since you purchased or if you currently have an adjustable rate mortgage and want to change it to a fixed rate, you may be eligible for a VA mortgage refinance program like IRRRL.
VA Home Loans – Learn the Details
If this is your first time purchasing a home using a VA home loan, you may want to check out the Veteran’s Administration
website and scroll though some of the educational articles that they have gathered. Many veterans are unaware of the variety of options available to them. Did you know that VA loans are 100% of the purchase price up to $417,000 as long as the veteran has full eligibility?
We, at Sun American Mortgage can help you find the right property at the right VA mortgage rate. Another program frequently overlooked by veterans who qualify is the new SAH or “Specialty Adapted Housing” Grant which works in coordination with VA home loans and VA mortgage refinance programs.
Getting All You Can from Your VA Mortgage Rate
For veterans who live in Arizona or who plan to move to Arizona, find out what the lowest VA mortgage rates currently are, call us at [888] 863-5245. We’d love to hear from you and discuss all the ways we can help you. Please let us know if you are interested in purchasing or in refinancing a home in order that we are best able to address your concerns.
VA Mortgage Refinance Help
As a qualified veteran it is possible that you can have your current mortgage refinanced under the VA mortgage refinance programs or IRRRL. If you have a surviving spouse that qualifies for your VA home loan benefits, the spouse may qualify for this refinancing situation, as well. At Sun American Mortgage, we can help you or your spouse file the correct forms to discover your eligibility.
VA Home Loan Program – Overview
As with any home loan, there are income and credit worthiness qualifications that must be met. If you have been overseas in the last few years, your credit may need a bit of help. We can walk you through what you need to do to get up to par and qualify for a VA home loan. The benefit of a VA home loan is that you are not required to make a down payment. However, you must be prepared to pay closing costs and to put down “earnest money” when you file the contract. Keep in mind, we may be able to help you negotiate a shared closing cost or a seller paid closing cost.
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Sun American Mortgage
BK BR 7548
NMLS# 160265
888-663-5245
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