VA Loan News Updates!
Recent News Updates
February 2nd, 2008
Late Payment History
March 3rd, 2008
Investment Property Loans
April 15th, 2008
Debt to Income Ratio
May 20th, 2008
Selling a VA Home
VA Loans and Investment Properties
The VA created the home loan program with the intention of helping veterans get into their first home. They never intended for it to become a vehicle to help with the purchase of investment properties. This also affects people wanting to buy a second home or vacation home.
There is only one exception to this rule with the VA. That is with the streamline refinance. As long as you fit the other guidelines the VA allows you to refinance into a lower rate via their IRRRL program. You would get the same excellent rate as if it were your primary residence. For more information, get a free VA streamline refinance quote customized to your situation.
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Official VA Streamline Refinance Information
Refinancing in declining market
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