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Everything You Need To Know About VA Mortgages in Connecticut

Posted on October 18, 2017 · Posted in Connecticut Veteran Mortgage

If you are a Veteran looking to purchase a home or refinance your present home – we can help! My name is Ramazan Sinani, I am a Loan Officer at Northeast Financial and I am here to help you get a better understanding on how Veteran Loan products work and how you can qualify!

 

There are a few paths a Veteran can take, which of course depends on what you are looking for. Below are the details of VA Home Purchase, a VA IRRRL (Interest Rate Reduction Refinance Loan), and others!

 

If you are looking for a VA Home Purchase:

 

  • You will need a 600 or higher FICO score

  • A Certificate of Eligibility (COE)

  • And qualifying service requirements must be met!

 

VA IRRRL (Interest Rate Reduction Refinance Loan):

 

  • Currently have a VA Mortgage in order to refinance with a VA IRRRL

  • No missed payments

  • No Appraisal Needed!

 

VA Cash-out Refinance:

 

  • Using the money you invested in your home, you may withdraw Cash!

  • Ability to refinance out of an FHA or Conventional loan

 

Native American Direct Loan Program (NADL):

 

  • Must be a Veteran who is Native American

  • Must be on Native American Trust Land

  • Tribal organization must participate in the VA direct loan program

  • Valid Certificate of Eligibility

  • Used for Construction, Purchase, Refinance or Improvements

  • Need to meet qualifying service requirements!

 

If you need more information or are interested in a VA Loan product, give me a call!

 

 

Thank You,

 

 

Ram
Ramazan Sinani
Mortgage Loan Originator
Northeast Financial
NMLS: 1590862  Company NMLS: 117273
Cell: 203-695-6858   Fax: 203-413-6240
ramazan@northeast-mortgage.com