VA approved; Iconic Mortgage Corp – NMLS #1547953. Not affiliated with the Dept. of Veterans Affairs or any government agency.

VA refinance rules Miami Fort Lauderdale Florida

2.75% (2.949% APR) RATES 15 YEARS TERM
Find out which new VA benefits you are missing out on in 2017.
See if you Qualify for an Escrow Refund check up to $5,000
VA Home Loans Benefits:
  • culito 0 Down loans
  • culito No cash out of pocket
  • culito Qualify within 24hrs
  • culito Escrow refund check up to 5k

FREE RATE QUOTE


What is your branch of service?

Where is your home located?


What is your price range?


What is your ZIP code?


What is your email address?


What is your name?


What is your current street address?


What is your phone number?


THANK YOU!

We Will Contact You Shortly!

What is your branch of service?

Lower Rates, Better Service. That’s the Iconic Difference

97.8% Customer Recommendation Rating!

4.7 out of 5 Average Customer Satisfaction Rating

VA refinance rules Miami Fort Lauderdale Florida

VA REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA AND RULES Miami Fort Lauderdale Florida

VA refinance rules Miami Fort Lauderdale Florida

VA refinance rules Miami Fort Lauderdale Florida

The VA REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA and rules Miami Fort Lauderdale Florida is a refinance mortgage refinance loan Miami Fort Lauderdale Florida available to home Miami Fort Lauderdale Florida owners with existing VA mortgage refinances in Miami Fort Lauderdale Florida. The program, which is commonly known as the VA Streamline Refinance in Miami Fort Lauderdale Florida, simplifies home Miami Fort Lauderdale Florida refinancing by waiving the documentation typically required by bank rules in Miami Fort Lauderdale Florida, including income and employment verification, bank account and credit score verification, and an appraisal of the home Miami Fort Lauderdale Florida. VA refinance rules Miami Fort Lauderdale Florida

This VA REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA and rules Miami Fort Lauderdale Florida

What Is a VA Streamline Refinance/VA Loan Miami Fort Lauderdale Florida and rules Miami Fort Lauderdale Florida?

VA loans are loans Miami Fort Lauderdale Florida which belong to a special loan Miami Fort Lauderdale Florida program designed specifically for veterans. VA loans can be issued by any VA-approved lender and are guaranteed by the federal government and its rules in Miami Fort Lauderdale Florida.

The VA loan’s definitive characteristic is that veterans with qualifying credit and income can purchase a home Miami Fort Lauderdale Florida in Miami Fort Lauderdale Florida with no money down according to its rules, which makes buying a home Miami Fort Lauderdale Florida extremely attractive for those who have served in the military Miami Fort Lauderdale Florida.

In addition, VA loans also offer feature flexible rules, no private mortgage refinance insurance (PMI), and extremely competitive mortgage refinance rates in Miami Fort Lauderdale Florida.

In order to qualify for a VA Loan, the rules are as follows: the person must have served 181 days during peacetime, 90 days during war time, or 6 years in the Reserves Miami Fort Lauderdale Florida or National Guard Miami Fort Lauderdale Florida. You may also qualify as the spouse of a service member who was killed in the line of duty. VA refinance rules Miami Fort Lauderdale Florida

The VA Streamline Refinance is a specific loan Miami Fort Lauderdale Florida program available via the VA Loan Miami Fort Lauderdale Florida Guaranty program.

Officially known as an Interest Rate Reduction Refinance Loan Miami Fort Lauderdale Florida (REFINANCE RATES LOAN) by the government, the VA Streamline Refinance is sometimes called a VA-to-VA Loan. Miami Fort Lauderdale Florida

Generally speaking, almost all active duty and/or honorably discharged service members are eligible for a VA purchase or streamline refinance loan. VA refinance rules Miami Fort Lauderdale Florida

The VA Streamline Refinance (VA REFINANCE RATES LOAN) Loan. VA refinance rules Miami Fort Lauderdale Florida

The VA Streamline Refinance is also known as the Interest Rate Reduction Refinance Loan Miami Fort Lauderdale Florida (REFINANCE RATES LOAN). The REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA allows you to refinance your current mortgage refinance interest rate to a lower rate than you are currently paying. Miami Fort Lauderdale Florida.

The Streamline loan Miami Fort Lauderdale Florida is extremely popular because of its ease of use: once you have already been approved for your initial VA purchase loan, it is relatively simple to lower your interest rate and experience considerable savings.

In most cases, a loan Miami Fort Lauderdale Florida officer or lender with expertise in VA loans should be able to complete the loan Miami Fort Lauderdale Florida within a month’s time in most cases. VA refinance rules Miami Fort Lauderdale Florida

VA refinance rules Miami Fort Lauderdale Florida

VA refinance rules Miami Fort Lauderdale Florida

VA loan Miami Fort Lauderdale Florida closing costs can be rolled into the cost of the loan, allowing veterans to refinance with no out-of-pocket expenses. Miami Fort Lauderdale Florida Sometimes it is also possible for the lender to take the brunt of the cost in exchange for a higher interest rate on your loan. Miami Fort Lauderdale Florida

In order to qualify for a VA Streamline, you must meet the following rules:

Be current on your mortgage refinance with no more than one 30-day late payment within the past year. Miami Fort Lauderdale Florida

Your new monthly payment for the REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA must also be lower than the previous loan’s monthly payment. (The only time this condition does not apply is if you refinance an ARM to a fixed rate mortgage refinance.) Miami Fort Lauderdale Florida

You must not receive any cash from the REFINANCE RATES LOAN. Miami Fort Lauderdale Florida

You must certify that you previously occupied the property. Miami Fort Lauderdale Florida

You must have previously used your VA Loan Miami Fort Lauderdale Florida eligibility on the property you intend to refinance. (You may see this referred to as a VA to VA refinance.) Miami Fort Lauderdale Florida

Click to see today’s rates (Feb 16th, 2017) Miami Fort Lauderdale Florida

The VA Cash-Out Refinance Loan Miami Fort Lauderdale Florida

A secondary VA refinance loan Miami Fort Lauderdale Florida type is the VA Cash-Out refinance loan. The Cash-Out refinance allows borrowers to refinance their conventional or VA loan Miami Fort Lauderdale Florida into a lower rate while also taking cash from the home Miami Fort Lauderdale Florida’s value.

Functionally, the VA Cash-Out refinance loan Miami Fort Lauderdale Florida replaces your existing mortgage refinance instead of functioning like a home Miami Fort Lauderdale Florida equity loan, which it is often confused for. A qualified borrower can refinance up to 100 percent of their home Miami Fort Lauderdale Florida’s value in some cases. VA refinance rules Miami Fort Lauderdale Florida

The Cash-Out refinance loan Miami Fort Lauderdale Florida is a loan Miami Fort Lauderdale Florida type available in any form – whether USDA, FHA, or conventional. Veterans generally choose to use the VA Cash-Out over another loan Miami Fort Lauderdale Florida types because the period to pay off the loan Miami Fort Lauderdale Florida is extended, and also, generally comes with a lower interest rate. Miami Fort Lauderdale Florida.

Just like the VA Streamline Refinance loan, the home Miami Fort Lauderdale Florida must be used as a principal dwelling by the owner. Miami Fort Lauderdale Florida. There is no set period of time that you must have owned your home Miami Fort Lauderdale Florida; however, you must have sufficient equity to qualify for the loan.

VA Streamline Refinance Frequently Asked Questions. VA refinance rules Miami Fort Lauderdale Florida

Do I need my Certificate of Eligibility (COE) for a Streamline Refinance? VA refinance rules Miami Fort Lauderdale Florida

Since you used your Certificate of Eligibility to get your first VA loan, it isn’t needed to qualify for a streamline refinance of your existing VA mortgage refinance.

Does the VA control mortgage refinance interest rates for VA loan Miami Fort Lauderdale Florida types? Miami Fort Lauderdale Florida.

No, they do not. Although the VA offers an easy, straightforward process for veterans, VA mortgage refinance rates are set by the banks who buy and sell mortgage refinances.

Do I have to use my current lender to refinance my VA loan? VA refinance rules Miami Fort Lauderdale Florida

No, you do not. In fact, it is encouraged that you shop around between various lenders, as each will offer various interest rates for your VA loan. All that matters is that the lender is VA-approved. Because so many lenders out their finance VA loans, it makes sense to shop around. Miami Fort Lauderdale Florida.

Click to see today’s rates (Feb 16th, 2017)

Do I have to go through the credit check and appraisal process again when refinancing?

There is no requirement from the VA for another credit check or appraisal process because you have already been approved for a loan. Miami Fort Lauderdale Florida. However, many lenders require a credit check and appraisal to guarantee that you are still financially stable enough to pay for your mortgage refinance and also, that the house’s market value is still higher than their maximum loan Miami Fort Lauderdale Florida amount.

Do I have to be eligible for a better interest rate to qualify for a Streamline Refinance Miami Fort Lauderdale Florida?

Not if you meet certain conditions. If you are going from a fixed mortgage refinance to another fixed mortgage refinance, the VA requires that your REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA be of a lower interest rate, but if you are moving from an adjustable rate mortgage refinance (ARM) to a fixed-rate mortgage refinance, the VA will allow you to refinance to a higher interest rate. Miami Fort Lauderdale Florida

Can I receive cash-in-hand at my VA Streamline Refinance closing Miami Fort Lauderdale Florida?

Yes, you may receive up to $6,000 cash-in-hand at your REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA closing. The cash, however, must be used for energy-efficiency improvements and must be a reimbursement for improvements made within 90 days prior to closing. Some VA borrowers will receive a cash disbursement of “old” escrow funds, too.

What is the maximum allowable VA REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA loan Miami Fort Lauderdale Florida size? Miami Fort Lauderdale Florida.

There is no maximum loan Miami Fort Lauderdale Florida size limit for a VA loan. However, a VA Streamline Refinance will be limited to the existing loan Miami Fort Lauderdale Florida balance plus any accrued late fees and late charges, plus typical loan Miami Fort Lauderdale Florida costs and the cost of any energy efficiency improvements. Miami Fort Lauderdale Florida.

Can I change the borrower-of-record with a VA Streamline Refinance? Miami Fort Lauderdale Florida.

In general, the borrower(s) obligated on the original VA loan Miami Fort Lauderdale Florida must be the same as borrower(s) obligated on the refinancing. However, this is not always possible. As an example, assume that a veteran and spouse are obligated on an existing VA loan. VA refinance rules Miami Fort Lauderdale Florida

A REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA is possible in all of the following scenarios: Divorced veteran alone; Veteran and different spouse; and, spouse alone because the veteran died. A REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA is not possible for a divorced spouse alone, or a different spouse alone because the veteran died.

Can I use the VA Streamline Refinance for an investment property? VA refinance rules Miami Fort Lauderdale Florida

Yes, you can use the VA Streamline Refinance for an investment property. You must only certify that you previously occupied the property as your home Miami Fort Lauderdale Florida. The property does not have to be your primary residence.

Can I use the VA REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA if my loan Miami Fort Lauderdale Florida is behind or delinquent? Miami Fort Lauderdale Florida.

Yes, you can VA Streamline Refinance a loan Miami Fort Lauderdale Florida which is behind in payments or delinquent. Your lender will want to know that the cause of the delinquency has been resolved, and you must be willing and able to make the payments on the new VA loan. Miami Fort Lauderdale Florida.

Lastly, you will be asked to provide a letter to explain the delinquency along with additional supporting documentation Miami Fort Lauderdale Florida. The Department of Veterans Affairs will make a final determination whether the REFINANCE RATES LOAN MIAMI FORT LAUDERDALE FLORIDA should be approved.

Do VA loans qualify for the HARP 2.0 program? Miami Fort Lauderdale Florida.

No, the HARP 2.0 mortgage refinance is separate from a VA loan, and HARP 2 loans must be currently backed by Fannie Mae or Freddie Mac. VA refinance rules Miami Fort Lauderdale Florida

Can I use VA loans for a no money down mortgage refinance?

Yes. The VA loan Miami Fort Lauderdale Florida allows for 100% financing with no down payment.

See VA Mortgage Refinance Rates Today! Miami Fort Lauderdale Florida

The VA Streamline Refinance is one of the simplest and fastest mortgages refinance products available for consumers today. Mortgage refinance rates are low, so it’s a great time to take advantage of your veteran benefits.

Get today’s live VA mortgage refinance rates now. Your social security number is not required to get started, and all quotes come with access to your live mortgage refinance credit scores.VA refinance rules Miami Fort Lauderdale Florida

 

When it comes to buying a home Miami Fort Lauderdale Florida, you have your list of rules: number of bedrooms, full basement, stainless steel appliances and probable scores of others.

The VA also has a list of rules for a home Miami Fort Lauderdale Florida. But its list is centered on protecting the buyer against unexpected, and usually expensive, surprises.

The agency utilizes a series of Minimum Property Rules, or MPRs, that a home Miami Fort Lauderdale Florida must meet in order to qualify for a VA loan. Miami Fort Lauderdale Florida. These rules help ensure that veterans and military families have a safe place to call home Miami Fort Lauderdale Florida.

If you’re on the fence about starting your VA home Miami Fort Lauderdale Florida loan Miami Fort Lauderdale Florida application now’s a great time to get in touch with Veterans United and apply for a VA home Miami Fort Lauderdale Florida loan.

Property Rules Miami Fort Lauderdale Florida

 

The MPRs are assessed during the VA appraisal process. Miami Fort Lauderdale Florida

MPRs cover basic issues that can affect the value of the property or its safety. These are mostly big-ticket items that present immediate or near-immediate problems for veterans and their families. VA refinance rules Miami Fort Lauderdale Florida

When it comes to a VA loan, appraisers are looking for potentially major issues that revolve around the three S’s: safety, sanitation, and structural integrity. Miami Fort Lauderdale Florida. There’s a host of Minimum Property Rules that VA appraisers consider, including things like mechanical systems (heating & cooling), a reliable potable water supply, domestic hot water and a safe method of sewage disposal.

Some heating systems, like solar or wood, are required to meet certain standards and have more traditional backup systems as well. Miami Fort Lauderdale Florida. These are items that not only protect the marketability of the property, but also the safety and comfort of the buyer. VA refinance rules Miami Fort Lauderdale Florida

In some climates, a heating system may not be needed, but that determination is left completely in the hands of the VA. Neither the seller nor the lender can make that call.

Other items such as roofs, termites and ventilation fall under the MPRs. Specific rules can vary based on the lender, local housing codes, VA guidelines and more. VA refinance rules Miami Fort Lauderdale Florida

Get a Home Miami Fort Lauderdale Florida Inspection

The VA wants home Miami Fort Lauderdale Florida that are move-in ready. Problems with the property generally have to be corrected before a loan Miami Fort Lauderdale Florida closes, although veterans can secure exemptions for some MPRs. In truth, these exemptions are more like extensions, as the problems will ultimately have to be corrected. VA refinance rules Miami Fort Lauderdale Florida

Borrowers whose prospective property fails to meet the Minimum Property Rules will be hard-pressed to secure VA financing.

It’s also important to remember that the MPRs do not replace the need for an independent home Miami Fort Lauderdale Florida inspection. The home Miami Fort Lauderdale Florida inspection is a much more in-depth and thorough look at the property. Home Miami Fort Lauderdale Florida inspections aren’t required for VA loans, but they’re of significant value for home Miami Fort Lauderdale Florida buyers.

This is also where a VA-savvy real estate agent can make a big difference. Realtors who know the rules can help veterans avoid wasting time and money. VA refinance rules Miami Fort Lauderdale Florida

Speak with a Home Loan Specialist today

Contact us: (888) 352-9005

service@iconicmortgage.com 

AbbevilleAshvilleBessemerCentreville, Daphne, Livingston, Monroeville, OneontaRainbow CitySpringvilleAlamedaLos ÁngelesMonterrey, Pasadena‎, San FranciscoSan José, Santa Bárbara‎, Long Beach‎, Orange, Palm Springs, Colorado Springs‎ Denver‎Central CityFort LuptonLouisville, WestminsterDelaware CityHarrington, Lewes, New CastleRehoboth BeachWilmington, MilfordCoral GablesDoral, Fort LauderdaleHialeah‎Homestead‎, JacksonvilleMiami Beach, North Miami Beach‎, Orlando‎, South MiamiAthens, Boston, ColumbusGeorgetown, Kennesaw, Doraville, Aberdeen, Cambridge, College Park, FrederickGaithersburgHagerstown, Seat PleasantWestminsterAnn Arbor‎, Algonac, Bay City, BrightonCharlotte, Croswell, Farmington, Albemarle, BelmontClinton,  Greenville, Kings MountainLexington, Morganton, Oxford, Washington, Wilmington, Winston-SalemAdair Village, Adrian, Astoria, Banks, Brownsville, Central Point, DallasGold BeachJacksonville, McMinnvilleAllentownBethlehemBradfordGreensburg, JohnstownPittston,  Warren, Adams, Baneberry,  Brownsville, Clarksville, Dayton,  Elkton,  Germantown, Hendersonville, Kingsport, MadisonvilleMitchellville New HopePortland, Virginia, Washington 

 

Ready to Apply? Get Started With Your VA Home Loan Today!