The Golden CO VA IRRRL program is an incredible refinance opportunity which you can use to lower the rate and payment on your current Golden CO VA Loan. In many cases, we can help you with no closing costs!
The Golden Colorado VA IRRRL allows you to essentially convert your existing Golden CO VA Loan to a new one with a lower rate and payment. The VA IRRRL refinance is also called a a streamline refinance, because the process is fast and easy.
The first step to determine your savings and your options by talking to a Golden CO VA Home Loan specialist. You can find out more about your benefits as a Veteran through the Denver Regional VA Office. It is important to know your savings going into the transaction, so that you know it makes financial sense.
You will have a benefit from day one, because of the fact that we can help you with your Golden CO VA IRRRL Refinance with no closing costs. Qualification standards are not difficult. Although VA will state that there is no credit check or minimum credit score requirement, lenders have overlays or additional requirements above what VA requires.
With a minimum credit score of 620 with most VA Lenders, you will get a better rate if you are above 640. You must also be 2 years out of a bankruptcy. Although VA guidelines also state that you will not need an appraisal, in many cases we will need one.
You will get a much better rate if you owe less on your home than it’s worth (up to 100% of your home value is acceptable), but can still obtain a Golden CO VA IRRRL Refinance up to 125% of your home value. Your current Golden CO VA Home Loan verifies that you have eligibility, so you will not have to verify your benefits again through obtaining a certificate of eligibility.
There is a very low VA funding fee, only .5% of your loan amount (ie on a $200,000 loan the funding fee would be $1000), which is either financed into the new loan, or in some cases the VA funding fee can be paid for you, meaning you will not have to bring anything to closing.
You can find out what rate you can qualify for by giving us a call in the office at 303-670-0137. To find out more about our company, visit http://www.cohomesandloans.com. Filling out a loan application and having your credit checked is one of the first steps to determining eligibility.
We are standing by to give you honest advice and straight answers to your questions. Thank you for your service to our country- it means the world to us!
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