Veterans First Mortgage Refinance
in Mortgage Refinance from Veterans First MortgageUnaffiliated
|Loan Amount||Up to $424,100|
|Loan Term (Years)||15 - 30 years|
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 is available in 50 states (and Washington, DC).
- 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 offers hybrid mortgages, and fixed-rate mortgages.
- Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for refinancing. However, Veterans First Mortgage Refinance does offer refinancing for primary and secondary homes (e.g. vacation properties).
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
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 mortgages refinancing with terms ranging from 15 to 30 years.
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
Other Services by Veterans First Mortgage
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia