VA Loans

Veterans Affairs mortgages, colloquially known as VA loans, are backed by the U.S. Department of Veterans Affairs. They are an important benefit for active-duty military personnel, veterans, and their families. Great for original home loans, VA loans are also a superior option for families struggling to qualify for a refinance with a conventional loan.

Three Scenarios for Refinancing to a VA Loan:

  • Refinancing from a conventional loan into a VA loan

    If you’d like to lower your rates or otherwise change your conventional mortgage, if you qualify you can refinance into a VA loan. The homeowner can usually refinance up to 100% of the home’s value.

  • Reducing your current interest rate on a VA home loan

    If you already have a VA loan, you can reduce your monthly payment amount or shorten your term through an interest rate reduction refinance loan (IRRRL). IRRRLs are meant to streamline the process by requiring only minimum documentation, and no credit check or appraisal.

  • Cash-Out Refinancing

    If you have equity in your home, a VA loan allows you to refinance up to 100% of the home’s value, taking out the equity in cash for uses such as college expenses, a remodel, or paying off high-interest credit card debt.

Two Main Advantages of VA Loans:

  • The homeowner can refinance up to 100% of the home’s value.

  • These loans don’t require mortgage insurance.

In contrast, most conventional refinancing requires the applicant to have some equity in the house. is a qualified VA loan provider. We handle every step of the process in our offices, ensuring our veterans and their families can take advantage of the beneficial terms of VA loans.