• Nichole Fox

Switching to a VA Loan


If you have a conventional mortgage, you can switch to a VA loan, and enjoy the following advantages:

  • No monthly mortgage insurance

  • If you have poor credit, you may be able to get a better interest rate with a VA loan than with a conventional mortgage

  • No out-of-pocket closing costs

When you switch to a VA Loan, you will need to fully qualify for the loan as well as pay the VA funding fee (which you can roll into the loan). This means that the lender will treat the loan as if you were purchasing a new home with a VA Loan and they will require income, asset, appraisal and credit qualifying documentation (unlike the VA Streamline). Once you successfully refinance into your new VA Loan, you will then be eligible to refinance using the VA IRRRL (Streamline) loan if interest rates decline.

(888) 659-0033

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 All Rights Reserved. We are not affiliated with any government agencies, including the VA, FHA, or HUD.   CA - Loans will be made or arranged pursuant to Bureau of Real Estate License #01984665; CO Mortgage Company Registration 100054512, Regulated by the Division of Real Estate; Florida MBR License #2065. GA Residential Mortgage Licensee; Mortgage Lender License #70335. Regulated by the Bureau of Financial Institutions, Virginia Mortgage Lender License and Mortgage Broker License #MC-7043.  Click on these links to access our Privacy Policy. Licenses, and NMLS Consumer Access - NMLS #1439059. This offer is intended for residents of CA, CO, FL, GA, TX, and VA only.

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518 N. Chelton, Ste 200 | Colorado Springs, CO | 80909

*Product offered is a loan and lender will place a lien on subject property. Borrower is responsible for paying property taxes, homeowner's insurance and home maintenance. Loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and to comply with loan terms. Loan Officers' primary objective is to provide a loan to the consumer. Individuals portrayed in photography are not actual borrowers.