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Refinancing Options

The VA Home Loan program provides qualified veterans and select spouses with a route to homeownership that doesn’t require down payments today. But even more amazing, military homeowners can get cash-back on a VA refinance, using that money for a variety of needs like home improvements and investments. To get started, call us today at: 800-991-6494.

There are two main programs afforded to you today that helps you refinance to a lower rate: The VA Streamline (IRRRL) Refinance, also known as the Interest Rate Reduction Refinance Loan (IRRRL), plus the VA Cash-Out Refinance.

The VA Streamline Refinance (IRRRL)

This is an excellent option for existing VA Loan holders interested in obtaining significant savings while taking advantage of lower-than-normal interest rates. This streamline option requires little paperwork, as well as no out-of-pocket costs. Typically the IRRRL / VA Streamline never needs an appraisal.

Cash-Out Refinance

Another refinance option, perfect for those with a VA or conventional loan wanting to take advance of their home’s equity. In exchange, they can then access cash for home improvements, debt payments, and other types of requirements. The VA Cash-Out loan allows veterans to borrow up to 100% of their homes value. As our country works to rebuild itself following the market collapse of close to 10-years ago, now is the perfect time to consider the superior benefits of a VA Loan.

Refinance Eligibility

Your eligibility for a VA Refinance is similar to the process of purchasing a VA Loan. You can quality if you’ve served:

  1. 90-consecutive days or active service during wartime
  2. 181-days of active service during peacetime
  3. 6-years or more of service in the National Guard or Reserves

 

If there is a spousal relation to a service member who died in the line of duty (or as a result of a service-induced disability), that spouse can also be eligible. In order to receive a VA Streamline Refinance option, you need to already hold a VA Loan. If you are approved for a VA Loan, that’s not the end of the process. Learn more about what you can do in our next section.

Designed to serve America's Heroes.

Why Choose HERO.LOAN

MORE PERSONALIZED SERVICE

Our team of VA Loan Specialists goes out of their way to create a personalized loan experience for our customers. We will meet with you face to face, in your home, on base, at work, or wherever you like. It’s important for us to get to know you, so we can tailor your loan to your specific needs, and for you to get to know us in a space that is comfortable to you and at a time that works for your schedule.
WE DO THE HEAVY LIFTING
Qualifying for a VA home loan requires a lot of steps, starting with the VA’s Certificate of Eligibility. Through the Hero Loan program, our team lightens your load by helping with every step of the loan process, starting with getting your VA Loan Certificate of Eligibility. We do all the VA paperwork for you!
YOU SAVE TIME
We are a direct-endorsed VA Lender. That means much quicker turnaround times for you. While most lenders take up to 120 days to complete a VA loan, we can close in as little as 14 days. Imagine it: you in your new home in just two weeks.
YOU SAVE MONEY:
NO OUT-OF-POCKET COSTS EVER
We underwrite all our VA loans in house. That means lower mortgage rates for you and no upfront or out of pocket costs—that includes the appraisal. At Hero.Loan, there are never appraisal fees, or any other out of pocket costs.

for more info contact info@hero.loan

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