🆕va Mortgage Rates Below 3% 🏼👉 Best Va Loan Rates Solution
You know I had a lot of family that were in wars. My father served in World War, two thank God.
He was able to come back. Obviously, I would not be here, and he just turned 90 years old on April 2nd. So thanks dad for what you did and you know it was, it was traumatizing to him. He was a 17 year old young man in the Marines in World War. Two and a lot of people who don’t have members family members that are stood have served. You don’t know what it’s like, and even to this day you know you start talking about war and you know ships.
He took a ship over overseas and you know being in little bunkers and this and then he gets choked up and he there’s a lot of things. He won’t talk about. So I this is a thank you to those those people out there. What I did is, I came out and said you know, I’m going to wave there’s an eight hundred. Ninety five dollar underwriting fee that we charged that will be waived for any veterans out there veterans families that we can help and what I wanted to go over today is a specific program for those veterans that are in currently in a VA loan.
Okay, right now, you’re hearing a lot of talk about forbearance and what forbearance is. Is it basically allows you to postpone one two? Three? Maybe even up this, sometimes six mortgage payments, but the bad thing about that is, it’s still. You know the banks keep coming out with some regulations or the government keeps coming out with some regulations that say well, your your lender has these options? Well, I eight when I’m not in control of my options.
So what I tried to do is say you know can. Can I have a better solution for you so today? Well, that’s what I want to talk about is, if you’re, currently in a VA mortgage right now, there’s a there’s a program. That’s called the Earle. It’s AI r, RR L and it’s a program that does this and it allows you to if you’re, currently in a VA loan and your credit scores are over six hundred and you have no late pays on your mortgage, you should qualify today’s rate and we’re going To go over the rates here in a second is I’m going to show you where my rates are, and I hate I always hate.
This is I’m I don’t like. I love when you guys shop, but what I don’t like is playing. I say I guess the car dealership game. I will always, and I promise you I’ll, come back with the best offer that I have with what frustrates me. The most is when you get a quote from somebody, and then you reach out to me, for example, because at the end of this I’m going to tell you how how I might be to help you know thousands of people out there getting a better rate and Better fees when you’re getting a mortgage, but what drives me nuts is when somebody gets pre-approved or approved for a loan and they’re locked in and everything’s good, and then they they come across my article and they reach out to me and I’m like.
Okay, here’s what I can do and then miraculously the lender that already gave them the approval and then lock the men and everything. And let’s say the rate was four and I’m at 3.75. Now miraculously they can give you 3.75. Well then, it comes back and I’m like well, I gave you a 375 with no costs and the other place was for with about 3,000 and fees so now miraculously they’re coming back with 3.
75 with no fees. I I have no problem with you, you, as the consumer. Are you the homeowner trying to negotiate rates? What drives me nuts is, if you wouldn’t have you know, reached out to me and then I gave you those quotes. That Bank would have been more than happy to sign you at the 4 % with 3,000 and fees. So that’s one of those areas that really drives me crazy and again, I’m not saying don’t get multiple quotes, but on my end I don’t like it I’ll say you know: I’m not going to get playing the the car dealership game.
I’ll give you. I promise you. My best offer at the get-go, but the economy and rates and other things change daily, so that might change, but I’m always going to give you my best pitch on that. First, on that, first pitch that I give you and I mean by you, know basically thrown a baseball, I’m not saying you know pitch in a derogatory manner. You know I’m going to give you that first quote that’s the best.
I can do, and you know again the next day: if rates go down, I’m going to you know, be put off your those rates, but I’m not going to go back and forth, and okay they’ll give you this and then because you’re not you’re reaching out to Me for my assistance so I’ll leave it at that. So what I want to go over next is I’m going to go over the the programs and go basically explain what the VA streamline is allows you to do doesn’t require you to get such as income, documentation and an appraisal, and then we’re going to go over Rates so I can show you where rates are today with me and then we’re going to compare those out there and then in the environment.
So it’s going to be live real time on the rates. So I’m not manipulating anything. So don’t wear your stay tuned because we’re going to get to that right now. So the first thing I just basically want to go over is VA mortgages. You know why people look into those and what they do for you so va va. Mortgage is basically those if you’re a veteran or you’re serving in the military. You you would qualify it and you would know just reach out to us if you’re contemplating, if you do qualify or not and we’ll walk you through that process, but some of the biggest benefits that is there’s no money down.
So your down payment is zero. The rates are phenomenal, they’re, they’re, usually better than conventional financing. That’s the normal mortgage that you think of there’s no prepayment penalties. You’re allowed a higher what we call debt to income ratio. What that is, is it’s all your debts on your credit report, plus your proposed mortgage divided by your income, and then it allows you to do the streamline refinancing when possible.
If rates drop more than a half a percent from where you are currently, you should qualify as long as you have a 600 credit score and no late pays on your mortgage within the last six to 12 months. It depends on how long you’ve had that mortgage. If you’ve only had it for six months, those payments had to be on time. If you had it for a year. Those payments need to be on time. So if you have a bankruptcy in the past, a foreclosure on other properties, a current bankruptcy but you’re paying your mortgage all kind of scenarios, you still fit okay, so going through here it goes through and kind of explain.
So you could pause this screen right here and look out. Look at some of the details that encompasses you know. What exactly is the url’ that I spoke about and who qualifies and then I’ll go down through here and give you some more data with that. So the streamlined process there – okay, so you could pause the screen here if you’ll want to check out that so, let’s get on the biggest part of this is when you’re refinancing you’re doing this.
The biggest thing you want to look out for is: what’s the costs involved and what is the rate? Okay, so let’s go. I googled basically VA oops, I said, put VA q, so VA mortgage rates and let’s see what pops up so we go down through here. Here’s the VA rates, a 30-year rate is this, but we want to look at this, what they call the earl, the irrrl. So right now it’s it’s saying: the top 10 mortgage loans, calm top lenders, here’s the best rate from this website, so we’re looking at the thirty-year Earl okay.
So it’s three point: three, seven five, so we got that news daily. That’s going to give you that lets! Go down through here, what’s the best VA rate that doesn’t give us any rates, so let’s get rid of bad. Let’s go down what is a VA rate. It goes through here at the same point thing a three point: three: what is a current 15-year rate? Let’s look at everything that just gives us the rates f30 or three point three.
So everything’s three point: three: seven: five: if we look at that, it might be all all the same. Oh is 3.25. A good rate. 3.25 is a great rate or extremely good rate. Mine is 375, so it’s basically we’re. Looking at three point, two five, two three point: three: seven, five. Okay, so that’s we have on the rate. One of the places I usually go is to bankrate.Com. That’s one of the biggest places out there that people will scan that system, so we’re going to go through here and I’m just going to this is a refinance 606.
I was using six, oh six to three. It’s a city or a ZIP code in Chicago 350 property value 300. Is the loan amount. 740 is the score 30-year term and we’re going to look at the VA program. Alright, so we have here. We have three point: two, four, nine, so three and a quarter just like all the other places with no points or this place down here. Well, we’ve got three but, like I always told you please read over here, you have six thousand in fees.
Don’t do that? Okay, so we got three basically we’re. Seeing is three point, two five, two three point: three five is the rate out there. So let’s go to me so I’m going to put in I put in the same parameters to save us time. Three hundred thousand three thirty-five. I think I use some other factor in here, so three thirty-five value, so I have a lower value here, but let’s, let’s move this to 350, like so for comparison’s PO sakes and it’s the Earl that we spoke about right here.
740 score. It’s same! What we did here, 740, plus so everything’s the same, and we go down here and I pick the VA program on a 30-year and we hit submit. So, let’s see where this takes us and it should pop up here any second. So right now I have with me we’ll go to three point. Two five three point: two five. I would be actually giving you a credit, the negative for those new to the blog. What we do here is this is showing you what my rate is and then any cost that it would cost you to get that rate.
A negative is money back to you. You would get a credit for anything in the negatives, a positive you would have to pay okay, so we go through here at 2.75. You could pay 837 dollars to get that rate. If we go back to here at 3, it’s costing you 6,000, so mine’s 800 bucks to get 2.75. It’s 500 bucks to get to point eight, seven, five $ 200 to get three and at three point one: two: five! You start getting money back! Okay! So that’s where I am today oath rates again.
This is the VA Earle program and the fees right now I have like I was saying I’m giving a credit back to those veterans and the veterans families out there for eight hundred and fifty dollars. That is our normal lender fee. So to do this, you can see where you are with rates. So let’s say, if you remember back, I said to qualify for this program. You need to get a rate of again. Let’s recap the qualifications to get this mortgage.
You need a 600 credit score. No late pays on your mortgage and your rate has to be a half a percent lower than you are currently so, for example, if you get 2.75, that means, if your rate now is three point, two five or higher, you should qualify and again I’m giving you A discount or a credit of $ 850 that normally goes to our fees. So let’s say you I’m giving that credit. Let’s say you apply that credit to this right here, you’re, basically getting 2.
75 percent without paying any points or discounts. That’s that’s beats everything you can. Finally, you can find on the web everywhere, so that’s kind of what we’re trying to do right now we’re trying to help as many people as out as we can. So, if you, your family, your friends, neighbors co-workers. Anybody, if you know a veteran, please get the word out to them and help them save some money or help yourself and put your family in a better position.
So that being said, if you’re looking for some help, the best way to get us is give me a call at eight four, four, seven, seven, five, five, six, two six right here or email me: it D for Dan free, Oh, which is Fri o at preferred Rate comm so D, free o at preferred rate comm. That’s how you get ahold of me personally, I’d love to help, so let me go. Let me take this one step further. If you’re out there and you’re looking for a mortgage, you’re looking to buy a house need pre-approved, let me know I love to help you.
You can go to go to this. Go to the the free O team. Comm give us a call or shoot me an email and we can get your pre-approved probably within an hour if you’re in the mortgage process. Right now, please send me your quote and again, I’m not going to play the car dealership game I’ll, come back to you, something which, what you’re getting and I’ll say, here’s what I got and you’re you’re getting money so try to get it as cheap.
As you can, but don’t get the wool pulled over your eyes, because so many people bait-and-switch to tell you what you want to hear and then when it comes down to it, you kind of learn the hard way I’ll say it. That way. So send me when you apply for a loan, do you have to receive a what’s called a loan estimate or a fee worksheet from the lender, and it goes through everything. It’ll go through the rate.
The loan amount in all the costs and where every penny went to, please send me a copy that send it to Dee free, Oh at preferred rate, comm I’ll review it and say you know what that’s phenomenal, take it or I’m going to scratch through it. In most cases and say, here’s my rate, here’s my costs, don’t be surprised if I win in both those areas. Okay, the next thing is, if you currently have a VA mortgage or any mortgage, but specially we’re talking about VA right now, if you have a VA mortgage email me a copy of your mortgage statement and then also get just give me an idea what you think, Your credit score is and I’ll analyze it and come back to you probably again within the hour.
If it’s during office hours and I’ll say here’s what I can or can’t do and does it make sense I’ll, probably send you like an animal analysis or something to break down the numbers to show you. Yes, this makes ton of sense, or you know what I wouldn’t do it and I’ll be honest with you I’ll tell you what I would or wouldn’t do, but in most cases our average loan right now is just shy of 300 thousand.
So if you can drop your rate, half a percent on a $ 300,000 loan or even two hundred thousand dollar loan you’d, be very much surprised on how much you can save and to take it one step further. Let’s say, for example, that we could save you. 3, 400 bucks a month. Wonder if just wonder if we can, you can continue to make your same payment that you’re paying now and pay off your house, maybe five six ten years early, just think how much money you’d save in that case.
So I’d love to help. Thank you again for doing what you did and the families out there who have sacrificed to help keep our freedoms the way. So we can do what we do. So god bless. Thank you for reading. Please don’t forget to give me a thumbs up subscribe down below share this article, so you might help other veterans out there get into much better financial position and the god bless. I will see a God willing tomorrow same time same place, see you then bye-bye.