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Got a Home Loan in Virginia?
Get Low Refinance Rates From Just 2.12%.

100% Mortgage Loans Still Exist for Veterans

I’ve been writing about the benefits of a mortgage refinance with a VA home loan for some time; however, it amazes me how many homeowners overlook their eligibility as Veterans. Mortgage refinancing with a VA loan requires no mortgage insurance or down payment if you’re purchasing and you can borrow up to 100% of your home’s value. The red tape is minimal; you just need to get certificate of eligibility from the VA. Here’s an article from HSH.com about zero down mortgage loans from the VA:

There is so much talk these days concerning the added income, assets and higher credit score it takes to qualify for a mortgage. Perhaps one of the most misunderstood conceptions out there today suggests homebuyers will need at least 20 percent down to qualify for a mortgage. That could not be further from the truth. The truth is, home loans are still available with no money down.


If you’re considering a mortgage refi to take advantage of today’s best refinance rates of the year you’ll want to pay close attention to the fees you’re charged to make sure you’re not overpaying at closing. The more you pay for loan origination and closing costs the longer it’s going to take breaking even with your lower payment before gaining any benefit from your mortgage refinance.

You can learn more about paying less for your mortgage refi by avoiding lender junk fees and markup by checking out my free Underground Mortgage Videos.

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