I have always been a big fan of VA Loans.  In the Las Vegas area, VA Loans have become extremely popular for many reasons.  First, the VA has not instituted a 5% Soft Market Policy in Distressed markets.  What that means is that it is becoming increasingly more difficult to buy a home with no money down.  Unfortunately, Fannie Mae AND Freddie Mac have put Las Vegas into this category.  

However, with your VA Loan benefit you can still use a purchase a property with NO Down Payment.  This is exciting for the Men and Women that have served our country.

So many people know about buying a home with your VA Benefit BUT most people don't know that they can refinance their home into a VA Loan weather or not their current loan is through the VA.  Some outstanding key options for a VA Refinance are:

  • 100% Rate and Term Refinance available if you currently have a Non VA Loan
  • 90% Cash Out Refinance Available
  • Interest Rate Reduction Refinance Loan (IRRRL) available that will lower the rate of your current VA Loan with very little qualifying

I have been a huge advocate of government loans for Las Vegas properties in recent months.  If you have any questions please feel free to contact me directly.

 

4 Comments on Refinance VA Loans in Las Vegas

I'm with you on VA loans Rey.  Fantastic product!

01/17/2008 02:22 PM by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)

Sardi: Did you miss me?

01/17/2008 02:26 PM by Rey Gallegos Home Loan Consultant Las Vegas, NV (A Mortgage Bank)

But of course!

01/17/2008 02:40 PM by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)

Rey, THis is awesome post. I have never done a VA loan and guess I have never had much of a call for them where I am. I really like to know this stuff though. THanks

01/17/2008 06:49 PM by My Favorite Mortgage.net - Matthew J Blum

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Loan Officer: Rey Gallegos Home Loan Consultant Las Vegas, NV (A Mortgage Bank)
Rey Gallegos Home Loan Consultant Las Vegas, NV
Las Vegas, NV
More about me…
A Mortgage Bank

Office Phone: (702) 808-8328
Cell Phone: (702) 808-8328
Email Me

AddThis Feed Button

AddThis Social Bookmark Button

Subscribe Via Email:

FAST LAS VEGAS MORTGAGE QUOTE! Your complete Henderson & Las Vegas, Nevada Mortgage & Home Loan Blog. Written by an experienced, reliable Nevada Mortgage Loan Officer. Blog topics include; Buying a home, Refinancing your current mortgage, Online Mortgage Application, Mortgage Quote, Home Loans, Henderson, Las Vegas, and Nevada News.


Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find NV real estate agents and Las Vegas real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved