we have a VA mortgage and want to do VA cashout. also will a 640 credit score get us a good rate? by kdaliah87234416 from Jewett City, Connecticut. May 6th 2014
Absolutely! Not only can you do a cash out VA loan but i can get you the best rate available. bmiller@ahmcloans.com 267 296 9185
Yes you may. VA rates on one of the best rates available for a 15 year and 30 year fixed. I am local in CT. Feel free to reach out to me with any other questions. -Robert 203-530-2674
For a VA guaranteed loan or even another government insured loan, FHA, rates are usually slightly lower than you can get on conventional loans to begin with.There is almost an immeasurable difference in a 640 mid fico score and a 740 when it comes to rates with a V A guaranteed loan.However, there is a huge difference in rate and pricing between a conventional loan and the V A guaranteed loan when the mid FICO score is 640. There are a few first time buyer loans with 5% down payment generally, that allow for pretty decent rates with 640, but not as good as with a V A loan.
VA will allow you to go 100% cash out, but each lender has their own rules and guidelines, so some will have minimum credit score requirements...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
You can go up to 100% LTV on a VA cash out loan with a 640 (I can go down to a 530 middle credit score and offer that program nationwide). Let's discuss your VA loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I am a proud vet that has been offering VA loans 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 Lynne - Lending Nationwide Since 1989 - jamie@bartprequalifies.com - www.bartprequalifies.com
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