Author: Jeremy Swenson

Home loans can be difficult to understand and as a veteran you are entitled to specialty loans that have been created to help in purchasing a home. Newer terms like “VA Streamline Refinance” can seem a little daunting and difficult to understand. We hope to clear the confusion and not only help you understand what a VA Streamline Refinance Loan is but the situations in which it is used and how it can apply to you and your relationship status.

The FHA Streamline Refinance is a mortgage product designed to help homeowners who already have an FHA home loan, which means that it is not available to those who may have a conventional Fannie Mae or Freddie Mac mortgage. It was designed to provide a fast and simple way to refinance on your home loan and still take advantage of the FHA benefits.

Over the years this has become an extremely popular option for a number of reasons and it has been able to help homeowners even when they are underwater on their mortgage. While this mortgage product resembles many other options, there are a few features that make it really stand out.

Here at Government Loan Pro, a website associated with First National Bank, we understand that VA home loans can be somewhat confusing to new home buying veterans. There are a lot of ins and outs to receiving a loan on a home and while we are more than happy to answer any questions you may have, we also understand that sometimes you just need a good guide to figure things out. That is why we’ve created this guide to answer your questions of “How does a VA home loan work?”

If you are considering a refinance and are a veteran of the United States military, you may qualify for a streamlined refinance from Veteran Affairs. Unless you work for the VA or are a loan expert like us, it can be difficult to understand how a VA streamlined refinance works and the benefits associated with one. For this reason we’ve created this guide on how to navigate a VA streamlined refinance.

If you are a homeowner looking to refinance, there are several options available to you. Over the last few weeks, we’ve discussed VA streamline refinance home loans but now we are pleased to move on to another refinancing option, the FHA Streamline Refinance. This type of refinancing offers many benefits to FHA home loan participants and is a good option for quick and effective refinancing.