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Last Updated: 04/18/2025

Veterans First Mortgage Refinance

in Mortgage Refinance from Veterans First Mortgage

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A


Amount Range

Up to $424,100

Loan Term (Years)

15 - 30

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Veterans First Mortgage Refinance Review

Veterans First Mortgage Refinance is offered by Veterans First Mortgage (NMLS #449042), a direct lender founded in 1996 and based in Salt Lake City, UT. Veterans First Mortgage Refinance are available in 50 states and Washington, DC.

Key Takeaways

  • Only two mortgage programs offered. Veterans First Mortgage Refinance refinances FHA VA conforming and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. Veterans First Mortgage Refinance only offers hybrid mortgages.
  • Only primary residences considered. Veterans First Mortgage Refinance does not refinance vacation or investment properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Veterans First Mortgage Refinance Pros & Cons

Veterans First Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Veterans First Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Veterans First Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.

How long does Veterans First Mortgage Refinance take to refinance?

Veterans First Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does Veterans First Mortgage Refinance charge a mortgage origination fee?

Yes, Veterans First Mortgage Refinance will charge a loan origination fee .

What mortgage programs does Veterans First Mortgage Refinance offer?

Veterans First Mortgage Refinance offers the following mortgage types:
  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Veterans First Mortgage Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Veterans First Mortgage Refinance allows the following property usage types:
  • Primary home

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Contact

Headquarters

124 N. Charles Linderbergh Dr.
Salt Lake City, UT 84116
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