VA Home Loan Program

If you are a veteran looking to purchase a home or refinance and are curious for a product specific to veterans such as yourself, say no more! My name is Ramazan Sinani, I am a Loan Officer with Northeast Financial and I’m here to help you get a better understanding on how a VA Home Loan Program works and how to qualify!

There are a few paths a Veteran can take, which of course depends on what you are looking for. But the first thing every Veteran must obtain before anything else (even before a pre-approval) is their Certificate of Eligibility (Also known as a COE). The COE verifies to the lender that you are eligible for a VA-backed loan. 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 Loan Purchase:

–          First of all, you will need a 600 or higher FICO score.

–          You will also need 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.

–          And you must live in the property!

–          No Appraisal is Needed for those that qualify.

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.

–          You must also 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.

–          Finally, you need to meet qualifying service requirements!

Here is a link to guide you toward obtaining your VA Certificate of Eligibility.

Once you obtain your COE give me a call for a mortgage consultation and a quick and easy pre-approval process!

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