Enhanced VA home loan options are available for 2009 thanks to the Veteran's Benefits Improvement Act of 2008, passed on Oct. 10, 2008. The new VA home loan changes include higher loan limits (click here for 2009 VA loan limits by County).
VA Loans can now help Veterans and active service members refinance their non-VA loans into safe, secure, & fixed rate VA Loans. Previously, this type of refinance was only available up to $144,000. Now you can refinance into VA Loans up to $729,750 (depending on your county limit). Another huge change is that Veterans & active service members can refinance up to 100 percent of the property value (this was capped at 90% before).
For questions regarding calculation of your Entitlement under the VA Loan program call Brian Skaar at 866-900-2342 toll free direct. Your entitlement is now increased and we can help you figure out your eligibility based on the newest figures. It is likely more than you thought.
VanDyk Mortgage is a VA Direct Lender, and has been since 1987. We also offer FHA Loans, Fannie & Freddie Conventional loans, Jumbo Loans, and construction loans. Visit us on the web at www.vandykfunding.com.
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