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Connecticut VA Streamline Mortgages with No Appraisal

Posted on June 30, 2017 · Posted in Connecticut Mortgage Refinance

Northeast Financial is a Connecticut Mortgage company based in Middletown, CT.  We provide home loan financing (mortgages) for Connecticut residents.  We are committed to those men and women who have bravely served in the United States Armed Forces.  For this reason we focus on offering a multitude of refinancing and purchase VA Loan Options.

VA Home Loans have No PMI (monthly mortgage insurance) and on Purchase Loans will give you up to 100% financing.  Many veterans are not aware that on the VA Streamline IRRL Loan (IRRL means Interest Rate Reduction Refinance Loan) there is no appraisal needed and you can refinance up to 150% of the value of your home.  This is a great option for veterans that want to take advantage of historically low rates that already have a VA Loan.  It is also a great option for those veterans who may owe more on their house than it is worth (also referred to as being “upside down” or “underwater”).

Here are some of the bullet points for the Streamline Refinance:

-No Appraisal Needed
-Refinance up to 150% of the value
-Max Loan amounts determined by FHA County Loan limits
-No PMI
-Quick Process
-Closing costs rolled in to the loan (no out of pocket fees)
-No Cash Out on the Streamline (if you need a “cash out” refinance VA Loan – we offer that as well, but not as a no appraisal streamline)

On all VA Loans you will need to show your Certificate of Eligibility/COE (which we can help you get).  Many people don’t realize that they can do a VA Loan more than one time and getting your Certificate of Eligibility is an easy process: http://www.benefits.va.gov/homeloans/purchaseco_certificate.asp

We look forward to helping you with your VA loan.  Please give me a call today so we can help you start the process.

johnv_picJohn Vecchitto / Loan Officer
NMLS# 1127163
210 S. Main St. First Floor
Middletown, CT 06457
860-918-0251 (Cell)
860-788-7237 (Office Phone)
johnv@northeast-mortgage.com
Company NMLS 117273

 

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