REFINANCE
Start saving money by refinancing your mortgage! Refinance to a loan that better fits your current needs could mean lowering your interest rate, changing the loan term, or lowering your monthly mortgage payment, and in some cases you can do all three.
REQUIREMENTS
Proof of dentity
- Copy of state-issued ID or passport for residents and copy of passport for foreign nationals
Income Documents:
- Recent vear-to-date pay stubs documenting one full month of earning
- Your current tax returns
- Three months Bank Statements
Other Documents:
- Seasonina Certification for a cash-out refinances pavina off an existina VA oar
LOAN CRITERIA
Term:
Up to 20 years
Lending area:
Nationwide
Loan size:
$100k-1 0M
Interest Rate:
5%-8%
Amortization:
Interest only
Minimum FICO:
550
LTV:
Up to 80% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV
LTC:
Up to 90%
Funding fee:
Between 1% to 5% paid at closing
Closing term:
Closing within 3 - 5 business days