VA Loan Streamline Refinance in California

It is an understatement to say the bottom has fallen out of VA loan interest rates!  30 year fixed VA loan interest rates are at record lows, beyond imagination.  And the great thing about having a VA loan in place, is VA has a great program called a VA loan streamline refinance that allows you to drop your rate down to where the market rates are with a fairly painless streamline refinance. 

Here are some benefits of a VA loan streamline refinance in California:

• Many cases you don’t need a full appraisal
• Closing costs can be financed into your loan, so there is a limited cost out of pocket 
• No income or asset documentation required
• You don’t have to currently occupy the property.  If you have a rental property you once lived in with a VA loan on it, you can still take advantage of the lower rates with a VA loan streamline refinance

So those are some of the benefits of the VA loan streamline refinance in California.  Take advantage of this sudden and unprecedented dip in VA loan interest rates and lock in low 30 year fixed interest rate. 

And don’t forget, if you are in the market to purchase a home in California and you are eligible for to get a VA loan, there are many tremendous benefits:

• VA lending is 100% financing, requires zero down payment
• Interest rates VA loan are at record lows
• VA loan limits can go above $900,000 in many counties in California, and maximum VA loan sizes to 100% financing are very high in places such as San Diego, Los Angeles, Orange County, San Francisco, San Jose and Santa Barbara.  Jumbo VA loan programs make this possible.
• VA loan credit does not have to be perfect, a 620 score can get you very low VA interest rates
• You can get a second VA loan, third, fourth as long as you have refinanced out of or sold your previous properties with VA loans on them

Don’t hesitate to call (858-922-7899) or email (homeloan8@gmail.com) if you have any questions at all or would like to apply for a VA, FHA or conventional loan.

Warmest Regards,

Rob Chomentowski

Sr. Loan Officer

858-922-7899

homeloan8@gmail.com

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