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Converting Fannie Mae conforming loan to VA loan

Military retiree in trying to refinance into VA loan. by devon085976 from , South Carolina. Dec 4th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

It's definitely doable.. out of all the different lending programs out there, VA is the most beneficial.. VA does not charge a monthly mortgage insurance premium, so if your paying MI now, then even If the rate is the same for VA, you would benefit. But without knowing the details of your specific scenario, it's hard to say what would be best for you.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Dec 4th 2013
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

Whether this is prudent or not depends mainly on your credit and amount of equity in the property. (if you have a lot of equity, VA may not be the best option) I am happy to help or advise. If you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss anything at all with me. http://www.loansfromrob.com/quote/ Email is rhanson@gladewaterfinancial.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Dec 4th 2013
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

oopsss.. mixed up two of my email addresses when tying! My correct email is rhanson@gladewaternational.com

Dec 4th 2013
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Steffnie Parsons (Steffnie)
#14 ranked lender in Oklahoma - 61 contributions

I can help you with your refinance from a conforming loan to a VA loan at 100% of the appraised value. Call me at 405-445-1091 or email me at Steffnie@peoplesbankusa.com.

Dec 4th 2013
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Kenneth Kopper (KenKopper)
#19 ranked lender in Maryland - 542 contributions

Devon, the best way to determine on whether this is a good decision is to review both your conventional options as well as VA and compare them to see whats makes the most sense to your individual scenario and goals. Please feel free to contact me and I would be happy to help you determine and review your options side by side to what makes the most sense for you.

Dec 4th 2013
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Colby Neal (ScottsdaleInsurance)
#109 ranked lender in Arizona - 71 contributions

Hi Devon,I've specialized in VA loans for the past 8 years. apply online: www.vahomeloanguarantee.comCall: 866-282-2956Email: info@vahlg.comThanks,Colby Neal

Dec 4th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Hi Devon, as long as you have 10% equity in the property you can refinance to a VA loan and the rate should be the same or lower - whether that makes sense or not depends on your current rate and reasons for refinancing. If your current rate is 5% or higher or you also want to switch to a 15 year loan, it is definitely worth pursuing. You can't just convert the current loan, you'll have to go through the process of refinancing it to a new loan. I'm right here in Charleston with over 10 years working for both bank and non-bank lenders, and will be happy to look at the options for you and make a recommendation that has your interest in mind. 843-343-6383 pretty much any time - or pdumouchel@primelending.com Look forward to hearing from you

Dec 4th 2013
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Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions

Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie - 800 315 8803 - www.bartprequalifies.com

Dec 4th 2013
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