You should be able to find a local mortgage loan originator to help you with this face to face, somewhere around the low to mid 3% range.
Lenders throughout your area can streamline a current VA loan or refinance an existing VA loan.
A VA streamline is a great way to reduce your current interest rate on your VA mortgage. Quick and easy. Find a reputable, qualified professional to work with you on your streamline. Rates are low so take advantage.
Much more info required to answer you correctly, and to be honest, it's incompetent for any loan officer to just throw out a rate without looking at your complete loan scenario.. And, if they don't disclose a rate with an APR, it's illegal. So, don't fall for that trap.. you would be setting yourself up for disappointment.. What's your credit scores? Higher scores get better loan rates.. What the property worth vs. what's owed? Lower loan to value's get better loan pricing.. What's the loan amount? Higher loan amounts get better loan pricing, but if you are over $417K, then the rates could actually be slightly higher.. What about property type? Condo? Single Family home? Manufactured home? Multi-housing (duplex, triplex, 4plex).. each one of these property types have different loan pricing.. Are you currently living in this property, or is it rented out? The rates would be different.. As you can see, there are a lot of unanswered questions.. making it impossible to advise you specifically.. So, if you want real numbers, then you should contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
Yes, 3.25% is the current interest rate on an IRRRL. The credits will depend on your FICO and the size of your loan. I've recently refinanced clients who have had credits in excess of $10,000. My email address is 4vahomeloans@gmail.com.
Yes, 3.25% in the current rate on an IRRRL. The lenders credits depend on both your FICO and the size of the loan. I have recently seen credits in excess of $10,000. My email is 4vahomeloans@gmail.com.
One of the reasons the FEDs recommend you get more than one good faith estimate is quotes can be deceptive and if you have legitimate good faith estimates you can more easily compare what is available to you. You should get your good faith estimates from VA and FHA lenders licensed to do loans in California.Having used the VA loan myself I tend to do VA loans in my mix of mortgage loans.
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