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VA (Veteran) Mortgages in Connecticut

Posted on August 11, 2017 · Posted in Connecticut Veteran Mortgage

Northeast Financial, located in Middletown Connecticut, is your CT resource for getting a Veteran Mortgage on your next home purchase or refinance.

The VA helps Service-members, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

Here is an overview of what VA loans can be used for in Connecticut:

Purchase Loans and Cash-Out Refinance: VA-guaranteed loans are available for homes for your own personal occupancy. To be eligible, you must have a good credit score, sufficient income, a valid Certificate of Eligibility (COE), and meet certain service requirements.

Interest Rate Reduction Refinance Loan (IRRRL): The IRRRL is a “VA to VA” loan, meaning it can only be applied to refinance an existing VA loan. An IRRRL can be done only if you have already used your eligibility for a VA loan on the property you intend to refinance.

Native American Direct Loan (NADL) Program: The NADL program helps Native American Veterans purchase, construct, improve, or re-finance a home on Native American trust lands. Your tribal organization must participate in the VA direct loan program. You must have a valid Certificate of Eligibility (COE) and meet certain service requirements.

Adapted Housing Grants: VA helps Veterans with certain total and permanent disabilities related to your military service obtain suitable housing with either a Specially Adapted Housing (SAH) or Special Housing Adaptation (SHA) grant.

 

Please call me today so I can assist you with getting your VA loan done.

 

Thanks,

 

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Drew Raney/NMLS#117309
President of Northeast Financial
210 S. Main ST. Middletown, CT
drew@northeast-mortgage.com
860-788-7237

 

 

 

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