VA guaranteed home loans are a wonderful options for qualified active-duty personnel, veterans, reservists and their surviving spouses. VA loans may be used to purchase or build a new home, refinance a current mortgage, pay for home repair or improvements or install home efficiency measures. These loans can be 15 and 30 year fixed rate terms or can be ARM’s. VA loan guarantee limits are $417,000 in all Connecticut counties, except Fairfield, where the limit is $612,500. The benefits of obtaining a VA guaranteed loan are many:
- 100% financing for home purchases (no down payment!)
- No PMI
- VA Funding Fee can be financed and may be waived for borrowers with a service related disability.
- Government limits on closing costs, origination charges and appraisal fees.
- No prepayment penalties.
- Interest Rate Reduction Refinance Loans (IRRRL) or Streamline Refinance Loans may allow you to refinance an existing VA loan to a lower interest rate.
- Cash-out refinancing for home improvements, school tuition or other debts.
The sacrifices made by those who serve our country are so many. The VA Loan Program is designed to provide benefit to those in our communities who do so much to support us and our families. Northeast Financial is proud to offer this type of financing. As a former military spouse, I am happy to guide you through the process of securing a VA Loan. Please contact me today to learn more about the advantages of obtaining a VA Loan and how I can assist you.
Stephanie G. Smith
(Loan Officer - NMLS# 1083107)
Northeast Financial
(Company NMLS # 117273)
210 S. Main St. First Floor
Middletown, CT 06457
860-335-9918 (phone)
203-413-6240 (office fax)
Website: http://www.northeast-mortgage.com
Email: stephanie@northeast-mortgage.com
