VA financing offers the easiest way to refinance of any loan type out there today. Here are some facts about VA streamline refinance loans in California today:
- No income, no assets and no appraisal is needed in most cases
- VA loan interest rates on 30 year fixed loans are the lowest since the 1950′s
- VA streamline refinances can save you tens of thousands in mortgage interest over the life of your VA loan
- VA loan credit score generally has to be 620 for a VA streamline in California
- There is a .5% funding fee on a VA streamline and this is waived if a veteran receives any disability pay
- There can be no out-of-pocket costs on a VA streamline refinance in California if you choose
- You get to skip a month’s payment on a VA streamline refinance as you 1st payment will not be due until the next month after you refinance
- VA streamline refinance is not considered a 2nd use of VA eligibility
- You need to already have a VA loan to do a VA streamline refinance (but if you don’t have a VA loan you can still refinance into a VA loan with a standard VA refinance)
So in summary a VA streamline refinance is an incredibly easy way to take advantage of the lowest VA loan interest rates since the 1950′s and lower your monthly payment substantially. Feel free to email me at homeloan8@gmail.com or call at 858-922-7899 if you have any questions about getting approved for a VA loan in California.
Best Regards,
Rob Chomentowski
Sr. Loan Officer (and VA specialist)
858-922-7899
Quick Facts About VA Streamline Refinance Loans In California is a post from: VA Home Loans 858-922-7899
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