VA Veterans Refinancing Options

Get Started

VA Loan Refinancing Austin

VA Loan Refinancing Texas

VA veterans in the United States already benefit from mortgages which don’t require mandatory mortgage insurance and in most cases, a VA lender won’t even require a down payment on a new VA home loan.

However, while VA veterans are already eligible for a variety of enviable home financing options, it is important for veterans to remember that they might stand to benefit even further by switching to a new VA lender further down the line.

VA Loan Refinancing Austin

What is Refinancing & How Can It Benefit Veterans?

Just like holders of conventional home loans, veterans can refinance their existing home loan in order to benefit from home equity cash out opportunities, as well as more preferential interest rates. It is important to understand, however, that not all refinancing options for VA veterans will allow you to remortgage to get cash out of your property. Contact us to learn about the VA loan refinancing Dallas and the VA loan refinancing Austin program.

Interest Rate Reduction Refinance Loans for Veterans

VA Loan Refinancing Texas Program with IRRRL

By far the easiest way to refinance an existing VA home loan involves applying for an Interest Rate Reduction Refinance Loan.

Also known as VA Streamline Refinance, an IRRRL allows veterans to take advantage of lower interest rates without them having to request a new VA Certificate of Eligibility. In many cases, no appraisal or minimum credit score will be required by lenders, and IRRRL’s themselves can be completed with minimal fuss and very little paperwork.

IRRRL Disadvantages

The important thing to keep in mind when applying for the IRRRL VA loan refinancing Texas program is that VA veterans will not be allowed to remortgage to get cash out of their property. The good news, however, is that sums of up to $6,000 (depending on which VA lender you approach) may be payable in the event that you need to carry out essential repairs to your property.

VA Cash-Out Refinancing

Just like with conventional home financing, veterans can benefit from home equity cash out opportunities, providing that when applying to a new VA lender, borrowers can satisfy the same eligibility criteria which they would be expected to when applying for regular VA loan financing or Va loan refinancing Austin options.

VA Loan Refinancing Dallas

Are you a veteran with a conventional home loan? If so, (and if you can satisfy all VA veteran eligibility requirements) Cash-Out refinancing can be beneficial due to the fact that Cash-Out refinancing completely replaces an existing home loan with a new one. This being the case, a Cash-Out loan can help you switch to a more beneficial VA loan with no monthly mortgage insurance liabilities and no out-of-pocket closing costs.

What They Say About Signature Lending Services

The team at Signature Lending were wonderful, outstanding, helpful and very respectful mortgage company. My experience with a prior servicer was terrible and I am glad I chose Signature Lending to help me on my purchase.

Amy Sanders

Mark has been very detailed, hardworking and knowledgeable throughout this whole process. My husband and I are expecting so we are very anxious to make sure our first home purchase is a positive experience. We appreciate Mark and his staff's superb effort and we have the fullest amount of faith in Signature Lending Services.

Mary Ann Kelly

The team at Signature Lending were wonderful, outstanding, helpful and very respectful mortgage company. My experience with a prior servicer was terrible and I am glad I chose Signature Lending to help me on my purchase.

Amy Sanders

Mark has been very detailed, hardworking and knowledgeable throughout this whole process. My husband and I are expecting so we are very anxious to make sure our first home purchase is a positive experience. We appreciate Mark and his staff's superb effort and we have the fullest amount of faith in Signature Lending Services.

Mary Ann Kelly