Call 904-514-6969 for a IRRRL refinance

About VA Loans

VA loans originate from the Federal Housing Administration and are insured by HUD (US Dept. of Housing) so that lenders can offer more affordable mortgage rates. There are even options for financing 100% of the loan, and several grant programs that provide FHA loan customers financing for the down payment.

VA loans offer options to those who've undergone bankruptcy or foreclosure. They're available to first time homebuyers, refinancers and anyone who's purchasing property and doesn't already have an existing FHA loan.

Refinancing your Mortgage with an FHA Loan

You may refinance your home loan with an FHA loan if you don't currently have an existing FHA loan. Refinancing options include fixed, adjustable (ARM) and buy-down mortgage rates, although most buyers have a fixed-rate FHA loan.

VA Loan Qualifying

Below are the requirements for FHA loans:

• Need two years of consistent employment - preferred by the same employer.
• Income over the past two years is the same, or increasing. 
• Credit guidelines vary; please ask Right Start Mortgage, Inc DBA GFS Home Loans for details.
• Bankruptcies must be 2 years old; good credit since the bankruptcy
• Foreclosures must be 3 years old; good credit since the foreclosure.