Getting approved for 100% mortgage loans was much easier a few years ago. We provide 100 mortgage financing programs for qualified borrowers seeking refinance or purchase options. Unfortunately millions of homeowners lost their home equity when the real estate market tanked. The VA mortgage is the only 100% mortgage available in 2010.
Most veterans are qualified for 100 mortgage options. Income documentation and credit guidelines are still more flexible than conforming loan products. The VA home loan options are more forgiving because the VA financing requires no equity. Conventional mortgages also require higher credit scores to qualify.
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100 mortgage refinancing is available for veterans looking to refinance their VA mortgage. The VA streamline option requires no appraisal so in some cases borrowers are able to exceed the value of their house.
- VA Home Buying Requires No Money Down
- 100% Refinancing with VA Streamline
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Bridge Mortgages recommends comparing VA mortgage rates for purchase or refinance loans. Veterans should refinance their mortgage if they can benefit from lower monthly payments, reduced interest. Be leery of VA lenders who increase your mortgage balance or stretch the term of your mortgage without offering significant benefits. |
