Can I use a VA loan to refinance my existing mortgage?

Yes, you can use a VA loan to refinance an existing VA or non-VA mortgage, potentially lowering your interest rate or monthly payments.

Veterans United

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Overview

Veterans United is a private lender specializing in VA loans, dedicated to assisting veterans and military families in realizing their homeownership dreams. They streamline the VA homebuying process, providing resources, guidance, and support from eligibility checks to closing. Veterans United offers a range of services including VA loan calculators, rate information, and educational materials for first-time homebuyers. Their myVeteransUnited® platform allows users to track their loan progress, upload documents, and manage payments. With a focus on customer satisfaction and expertise in VA loans, Veterans United aims to make the homebuying journey easier and more accessible for veterans and their families. They are not a government agency.

Common tasks

Determine VA loan eligibility Calculate estimated mortgage payments Find current VA loan rates Guide first-time homebuyers through the VA loan process Provide resources and education on VA loans Assist with document uploading and signing Manage loan payments

FAQ

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What is a VA loan?

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA), available to veterans, active-duty military personnel, and eligible surviving spouses. It often comes with benefits like no down payment and no private mortgage insurance.

Am I eligible for a VA loan?

Eligibility generally depends on your length of service or duty status, as well as your creditworthiness and income. You typically need a Certificate of Eligibility (COE) to prove your eligibility.

What is the VA funding fee?

The VA funding fee is a percentage of the loan amount charged by the VA to help cover the cost of the loan program. It can be paid upfront or rolled into the loan amount.

What is the maximum VA loan amount?

The maximum VA loan amount is generally the same as the conforming loan limit set by Fannie Mae and Freddie Mac, but it can vary by location.

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