Eligible servicemembers and veterans can take advantage of some of the many VA Home Loan benefits such as:
|VA 15 Year Fixed||2.750 %||3.502 %|
|VA 20 Year Fixed||2.875 %||3.430 %|
|VA 30 Year Fixed||2.875 %||3.266 %|
For U.S. service members and veterans, it can sometimes be difficult to establish the level of credit necessary to qualify for a home loan. To make homeownership more attainable for servicemembers and veterans, the Department of Veterans Affairs established the VA Home Loan, which guarantees a portion of the loan and enables us to provide you with more favorable loan terms. This guarantee allows lenders like 5280 Mortgage™ to offer home loans to servicemembers and veterans who may otherwise not be able to qualify for a conventional loan. To date, the VA Home Loan program has helped over 20 million service members and veterans buy a home, since WWII.
VA Purchase Loan
If you are on active duty or retired from the military and in the market for a new home, you should call 5280 Mortgage™ to learn how you could save money with a VA Home Loan.
VA Streamline (IRRRL) Refinance
(Interest Rate Reduction Refinance Loan)
Already in a home? Consider refinancing into a VA IRRRL (Interest Rate Reduction Refinance Loan) also called the Streamline Refinance Loan. The VA IRRRL lowers your interest rate by refinancing your existing VA home loan. By obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also often refinance an adjustable-rate mortgage (ARM) into a fixed-rate mortgage.
VA Cash-Out Refinance
The VA’s Cash-Out Refinance Loan is for homeowners who want to take cash out of their home equity to take care of concerns like paying off debt, funding school or making home improvements. As home values continue to rise across the country and interest rates remain relatively low, now may be a great time to consider a VA Cash-Out refinance.
*Loan limits are established by the VA and can vary by county.
Active or former service members with the following terms of service today may be eligible* for a VA Home Loan:
5280 Mortgage™ understands that our people are essential to continuing our growth and leadership in the mortgage finance industry.
That’s why we have worked with Veterans groups such as DAV/RecruitMilitary to help us actively recruit America’s highest quality talent. Allowing them to continue developing their skills and expand their experience in a customer-centric environment that emphasizes high ethical standards, open communication, and excellence.
5280 Mortgage™ proudly supports and is pleased to offer VA loan products designed to help our service members and veterans achieve homeownership. We currently service over 100,000 servicemembers and veterans who have taken advantage of the federal government’s VA Home Loan program to buy or refinance a home.
As one of the largest direct lenders and servicers in the country, 5280 Mortgage™ Loan Services, LLC specializes in VA home loans. We are committed to offering our servicemembers and veterans great rates on VA home loans.