When many of us cannot refinance to take advantage of the historical, low rates due to declining values,

Veterans are afforded some relief.  As they should be! 

If you currently have a VA loan, you are in luck. 

Consider this:

• NO APPRAISAL NEEDED.  It does not matter what the current value of your home is.  We will not require an appraisal.
• NO INCOME DOCUMENTATION.  That is right.  You can refinance your current VA loan into another and NOT supply any income or asset documentation

This is particularly unique when we consider our laws in MN.  One and a half years ago, laws were passed prohibiting any mortgage transactions with no income verification.  In other words, there are no longer any MN mortgages transacted without full documentation of income and assets.  Not true for MN VA refinance loans!

There are only a few guidelines to qualify:

• Must have a minimum 580 credit score
• Must have a current VA loan with no lates in last 12 months
• We must be able to pull a clear CAIVR (meaning you have no delinquent federal debt)

That is it!  If you haven't taken action and taken advantage of the very low rates, it may be a great time to do so now.  What a great way to bring in the New Year by saving some cash!

Ph: 612-363-1106

Email: ssherpy@minnmortgage.com

Web: www.sherrisherpy.com