Homeownership for Veterans: Tribute this Veterans Day

I am highlighting specialized loan programs tailored for veterans, ensuring our Veterans have access to a range of home financing options. Here’s a snapshot of some great VA loan products:

Veteran Loan Programs:

VA Loans: Tailored for veterans, offering up to $4 million with a reduced minimum FICO score requirement of 580, available for primary residences for both purchase and cash-out refinancing.

VA Elite: Designed for VA borrowers with higher FICO scores (640+), providing government rates and pricing for loan amounts from $125,000 up to county loan limits.

VA IRRRL (Interest Rate Reduction Refinance Loan): Streamlining existing VA loans into lower interest rates without requiring an appraisal. Available for primary, second, and investment properties.

One-Time Close New Construction Loans: Simplifying the process for building new homes, allowing for one closing with a single interest rate, available for both conventional and VA loans.

Temporary Rate Buydown: Allowing borrowers to lower interest rates at the loan’s start, resulting in reduced monthly payments. Ideal for those expecting increased income, planning renovations, or transitioning from renting to buying.