The Process of Getting a VA Home Loan in Texas

The state of Texas is home to a large number of veterans who have proudly served America in many a great battle and they didn’t even bother before sacrificing their life and limb for their nation. The United States government has always respected the patriotism of these brave men and women and that’s the reason why the Federal Government has an entire department- The Department of Veteran Affairs or the VA to look after their welfare.

One of the most popular programs of the VA is the Home Loan Guaranty Program which helps military home-buyers to get a loan for buying their dream home. If you are looking to buy a home in the Lone Star State of Texas, then you can get a VA Loan in Texas to make the matter easier. Now, many people become confused as they don’t have much of an idea about the process of getting a Texas VA Loan. Here in the following post, we would be looking at the process of getting a VA Loan, so that you have a clear idea of what you can expect.

The Process of Getting a Loan

Step 1: Get the Certificate of Eligibility – The first thing that you will need is the Certificate of Eligibility or the COE. The COE would establish your eligibility to get a VA Loan. You can get the certificate yourself from the VA or you can ask a VA approved lender to get if for you.

Step 2: Get in Touch with a VA Lender in Texas – The next thing that you need to do is to get in touch with a VA approved lender in Texas. Not only would they help you get a loan, they would also help you get through the entire process with ease.

Step 3: The Lender Would Check Your Credit Score – Although the VA doesn’t have a minimum score requirement, lenders would still check your credit score before they give you a loan. Once they have done that, they would give you an estimate of the loan amount that you are liable to get. This is called a pre-approval letter.

Step 4: Find a home and get into contract with the real estate agent – After that, you need to find a home and get into contract with the real estate agent. Most agents would ask for the pre-approval letter before they get into contract with you. So keep your letter handy.

Step 5: Get a Loan – After you got into contract with the agent, you again need to get in touch with your lender. They would just need you to go through certain formal procedures and then you would get a VA home loan in Texas to buy your dream home.

Certain professional VA Loan lenders in Texas guide you throughout the process to make the process a whole lot easier for you. So, get in touch with such a trustworthy lender and get a Texas VA Home Loan that would help you live a life that you truly deserve.

The Things You Need to Know About VA Streamline Refinance Program

The Interest Rate Reduction Refinance Loan of the Department of Veteran Affairs (VA) helps military home owners to reduce the burden of mortgage payments. The VA Interest Rate Reduction Refinance Program (IRRRL), also known as the VA Streamline Refinance helps you to refinance your loan and thereby reducing the interest rate of your mortgage. Now, before you go for a VA Streamline Refinance, it would help you to know about a few things.

VA Streamline Refinance - The Basic Facts

Below are some of the basic facts that you should know about before you go for VA Loan Refinancing to reduce the burden of you existing loan.

• You can only refinance an existing VA Loan with VA IRRRL. Conventional loans or other government backed loans like FHA Loans cannot be refinanced with this loan.
• You can refinance your loan without paying anything out of your own pocket. All the costs of refinancing and even the closing costs of the previous loan would be rolled into the new loan.
• You can refinance your ARM loan into a fixed rate mortgage loan. However, you must note that this might increase the interest rate of your loan.
• You should NOT receive any cash from the proceeds of the loan.

The Things You Need to Do for Getting a VA Refinance Loan

You would not need much to get a VA IRRRL as you already have a VA Loan. You would be reusing your original entitlement to get a refinance loan. You don’t need to get your Certificate of Eligibility (COE) separately. However, you can take your COE to prove your previous use of the entitlement. The requirement for occupancy for VA Refinancing is also different from a normal loan. You just need to certify that you have previously occupied the property.

You would also need to the VA Funding Fee for VA Streamline Refinance Loan. The fee for refinancing VA Loan is fixed at 0.50% of the total loan amount. You can pay this fee upfront or you can roll it in the loan and pay for it every month.

You just need to get in touch with a VA approved lender, preferably in your state. Any VA approved lender would help you to get a VA IRRRL. Make sure you compare the rates of different lenders, as the VA refinance rates differ from lender to lender. Some of the more established names in the business, offer VA refinance loans at cheap rates in every major state in America. So get in touch with such an expert and make it easier on your pocket to own a home in the United States.

Buying a Home in the Aloha State with VA Loans Hawaii

The island state of Hawaii is often counted as one of the most picturesque states in America. People from all over the world come to this paradise and get immersed in its exotic beauty. This is probably the reason why a large number of veterans dream of settling down in Hawaii. If you are a veteran of the United States Military and you harbor a dream of settling in this state, then you can easily do that by getting a VA loan. Since the property prices in the state are pretty high, VA loans offer you an easy way to own your dream home in your dream location. Let us take a look at some of the things that you should know before you apply for a VA loan in Hawaii.

Getting a VA Loan in Hawaii

The Department of Veteran Affairs (VA), the authority that administers the loan, ensures that as a veteran you get all the assistance that you need when it comes to getting VA Loans Hawaii. There is a Loan Office (not a Regional Loan Center) in Honolulu where you can get in touch with professionals and get the answers to all your queries. The office is located at

Department of Veterans Affairs
VA Regional Office
Loan Guaranty Division (26)
459 Patterson Rd.
Honolulu, HI 96819

You can call them up at 1-808-433-0480

VA Loan Limits

The VA puts a cap on the maximum amount of guaranty it can pay if you default on the loan. This is called the VA Loan Limit. You should note that this is NOT the maximum amount of loan that you would get. That would be determined by the lender offering you the loan. The VA Loan Limits in Hawaii for different counties are given below

HAWAII	$625,500.00
HONOLULU	$721,050.00
KALAWAO	$657,800.00
KAUAI	$713,000.00
MAUI	$657,800.00

You can always get in touch with reputed VA Loan Lender in Hawaii and get the best deals on Hawaii VA Loan. Some of them would offer you considerably lower interest rate even if you have a low credit score. So get in touch with the experts and get an affordable VA Loan with ease.

Veteran Loan in the Centennial State – A Guide to Getting a VA Home Loan in Colorado

The state of Colorado, nicknamed the centennial state, is home to a large number of veterans who have served their country with courage and dignity. According to the latest data, there are 413,271 living in Colorado. Such a large population of veterans could be attributed to the presence of important military establishments such as Fort Carson and the Schriever Air Force Base. Apart from that, a large number of veterans also settle down in Colorado after retiring from service. Now if you are a veteran who is thinking of settling down in Colorado, then you can easily buy yourself a property in Colorado by getting a VA Loan.

The Loan Guaranty Scheme of the Department of the Veteran Affairs of the U.S Federal Government helps veterans and active duty members of the United States Military to get a home loan. Now, before you apply for a VA loan in Colorado, there are a few things that you should know.

Who offers you the loan?

Most people think that since the loans are called VA Loans, the Department of VA themselves would be offering the loan. But it is really not that way! The loan would be provided by a private lender, just like any other loan. However, the guaranty of the loan would be provided by the VA.

VA Loan Limits in Colorado

When you are looking for Colorado VA loans, you must be aware of the VA Loan Limits Colorado. The loan limit does not technically ‘limit’ the amount of loan that you can borrow, but it states the amount the VA would provide as a guaranty. The limits differ from county to county. The VA loan limits for the counties of Colorado are as follows –

County Name	Single Family Home ($0 DOWN AND UP TO)	Max Guaranty
ADAMS	$417,000.00	$1,000,000
ALAMOSA	$417,000.00	$1,000,000
ARAPAHOE	$417,000.00	$1,000,000
ARCHULETA	$417,000.00	$1,000,000
BACA	$417,000.00	$1,000,000
BENT	$417,000.00	$1,000,000
BOULDER	$417,000.00	$1,000,000
BROOMFIELD	$417,000.00	$1,000,000
CHAFFEE	$417,000.00	$1,000,000
CHEYENNE	$417,000.00	$1,000,000
CLEAR CREEK	$417,000.00	$1,000,000
CONEJOS	$417,000.00	$1,000,000
COSTILLA	$417,000.00	$1,000,000
CROWLEY	$417,000.00	$1,000,000
CUSTER	$417,000.00	$1,000,000
DELTA	$417,000.00	$1,000,000
DENVER	$417,000.00	$1,000,000
DOLORES	$417,000.00	$1,000,000
DOUGLAS	$417,000.00	$1,000,000
EAGLE	$417,000.00	$1,000,000
EL PASO	$417,000.00	$1,000,000
ELBERT	$417,000.00	$1,000,000
FREMONT	$417,000.00	$1,000,000
GARFIELD	$417,000.00	$1,000,000
GILPIN	$417,000.00	$1,000,000
GRAND	$417,000.00	$1,000,000
GUNNISON	$417,000.00	$1,000,000
HINSDALE	$417,000.00	$1,000,000
HUERFANO	$417,000.00	$1,000,000
JACKSON	$417,000.00	$1,000,000
JEFFERSON	$417,000.00	$1,000,000
KIOWA	$417,000.00	$1,000,000
KIT CARSON	$417,000.00	$1,000,000
LA PLATA	$417,000.00	$1,000,000
LAKE	$417,000.00	$1,000,000
LARIMER	$417,000.00	$1,000,000
LAS ANIMAS	$417,000.00	$1,000,000
LINCOLN	$417,000.00	$1,000,000
LOGAN	$417,000.00	$1,000,000
MESA	$417,000.00	$1,000,000
MINERAL	$417,000.00	$1,000,000
MOFFAT	$417,000.00	$1,000,000
MONTEZUMA	$417,000.00	$1,000,000
MONTROSE	$417,000.00	$1,000,000
MORGAN	$417,000.00	$1,000,000
OTERO	$417,000.00	$1,000,000
OURAY	$417,000.00	$1,000,000
PARK	$417,000.00	$1,000,000
PHILLIPS	$417,000.00	$1,000,000
PITKIN	$417,000.00	$1,000,000
PROWERS	$417,000.00	$1,000,000
PUEBLO	$417,000.00	$1,000,000
RIO BLANCO	$417,000.00	$1,000,000
RIO GRANDE	$417,000.00	$1,000,000
ROUTT	$417,000.00	$1,000,000
SAGUACHE	$417,000.00	$1,000,000
SAN JUAN	$417,000.00	$1,000,000
SAN MIGUEL	$417,000.00	$1,000,000
SEDGWICK	$417,000.00	$1,000,000
SUMMIT	$417,000.00	$1,000,000
TELLER	$417,000.00	$1,000,000
WASHINGTON	$417,000.00	$1,000,000
WELD	$417,000.00	$1,000,000
YUMA	$417,000.00	$1,000,000

 

How to Get the Loan?

The best way to get a VA home loan in Colorado would be to get in touch with a VA approved lender. There are a few lenders in Colorado who offer you cheap VA Loans. You must compare the rates of different lenders before you decide to go with a particular company. This would ensure that you get the most affordable VA Loan rates. So get in touch with the most reputed lender and get a VA Loan with ease.