VA Refinance

The VA Refinance program lets you pay off your current real estate debt from the proceeds of your new VA home loan.

Veteran Home Loans Rates for 7/03/2009
30 Year Fixed ----------------- 0.000 points 5.500% 5.610% APR		15 Year Fixed ----------------- 0.000 points 5.500% 5.686% APR

Frequent Question # 18:
-- -- -- -- -- -- -- --
VA Loans and Rental Properties - Can I use my VA loan to buy a rental property?
-- -- -- -- -- -- -- --

The idea of buying a building intended as a rental property is sound-but VA mortgages aren't intended for this purpose. If you buy a home with a VA home loan, you must certify that you intend to "personally" live in the house. There are naturally exceptions made for houses that are in the building stages when the sale is made, but the general rule is you must occupy the house within sixty days of the loan closing. The occupancy requirement applies to all VA guaranteed loans except one; the Interest Rate Reduction Refinancing Loan or IRRRL. For these loans, the veteran is required to certify that the dwelling was previously occupied as the home. -- -- -- -- -- -- -- --

>> VA Loan Testimonials

-- -- -- -- -- -- -- --

MONTGOMERY GI BILL
Earning a degree online is flexible and convenient, making it easy for busy individuals to fit online courses into their lives.

University of Phoenix
DeVry University
Westwood College
CTU Online
Capella University
American Military University
Kaplan University

> more GI Bill schools

Get Started With Your VA Loan

* Property Location:
* Loan Purpose:
* Loan Amount:

VA Refinance gives you several options to choose from.

VA Cash Out Refinance Loans
Interest Rate Reduction Refinance Loan
Streamline Refinance Loan

Whether you need money to eliminate or consolidate your high interest debts, pay for college tuition, make home improvements or for any other purpose, Texcorp will work to get you the money you need with a strong refinance program geared for you.

WHEN YOU NEED MONEY
VA Cash-Out Refinance Loans are available for homes that are your principal residence. The VA guidelines allow you to refinance up to 90% of the appraised value of the home (not available in Texas) plus allowing for many of the closing costs to be rolled into the loan amount as long as the property meets the designated loan to value ratio. While there is no minimum amount of time that you must have your existing loan or own your home, your home must have sufficient equity to qualify for this loan.

WHEN YOU WANT A LOWER RATE: A STREAMLINED EXPERIENCE
The Department of VA has created a loan program called the Interest Rate Reduction Refinance Loan (IRRRL) or Streamline Refinance. This loan provides a way for current VA homeowners to reduce or lower their interest rates with no out of pocket expenses and very little documentation. This is only available to veterans who are refinancing their original VA mortgage in which they have used their VA eligibility.

Get Started With Your VA Loan

* Property Location:
* Loan Purpose:
* Loan Amount: