VA Benefits

VA Mortgage Loans have No Prepayment Penalty- A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely before the term has run out (as in the case of a refinance), you will pay a penalty. In the case of a VA Loan, if you pay off your loan early, your lender cannot require that you pay a prepayment penalty. A prepayment penalty can be an inhibiting factor in the early sale or refinance of a home. This policy has given many borrowers peace of mind for the future of their loans.

  • Assumability- A VA loan can be assumable. For VA Loans committed on or after March 1, 1988, you may sell your home to someone who agrees to assume your loan if the creditworthiness of the new borrower is approved. This can be a significant selling point when it comes time to sell your home.
  • Down Payment & Mortgage Insurance Not Required- The VA Loan allows Veterans 100% financing without private mortgage insurance or a needing to obtain a 20% second mortgage. The guarantee of a VA Guaranteed Home Loan means the lender is protected against loss if you fail to repay the loan. Because the guaranty replaces the protection that the lender normally receives by requiring a down payment or mortgage insurance, qualified borrowers are allowed to obtain favorable financing terms without a down payment.
  • Late Payment Guidelines– One of the requirements for the servicing company of a VA Home Loan is that there be no late charge unless payment is more than 15 days overdue. Any late charge may not exceed 4 percent of payment amount. In addition, financial counseling is available from the VA in case of temporary financial difficulties.
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Cash Out Refinance

If you need money to consolidate high interest credit cards, home improvement projects, pay medical bills, cover college tuition, or would just like to pocket some extra change, we have a solution that will work you. Quick VA Loans allows for 100% Cash-Out Refinance of the value of the home. QuickVALoans will pay off your current mortgage with the proceeds of your new VA mortgage.
Would you like to speak with a VA Loan Specialist who can help guide you through the loan process? We have specialists standing by to assist you in making this a quick and easy process.Call 1-801-416-3565


VA Streamline IRRRL

The VA has created a program called the Streamline Refinance or otherwise known as IRRRL, to provide a way for current VA homeowners to lower their interest rate with absolutely NO out-of-pocket costs. These loans do not require your traditional information and are a lot faster than a typical loan.