PrimeLending

While a VA loan cannot be utilized to purchase a commercial or investment property, homebuyers and homeowners can use these loans to achieve a variety of goals. Which VA loan is right for you? A VA Purchase Loan can be used to fund the purchase of a home or VA-approved condo, to build a home, to simultaneously buy and renovate a home, or to purchas... e a farm. A VA loan can also be used to fund the installation of energy-efficient features and other improvements. A VA Cash-Out Refinance Loan can be used to refinance an existing loan into a VA loan. It can also be used to access the borrowers existing equity. A VA Interest Rate Reduction Refinance Loan offers the chance to refinance an existing VA loan. Sometimes called a VA-to-VA or a Streamline loan, this type of loan is a great way to secure a lower monthly payment or a better interest rate. Could a VA loan help you achieve your homeownership goals? To explore the possibilities offered by VA loans, contact PrimeLending today . A government mortgage refers to FHA, USDA, and VA mortgages. FHA does not actually make mortgages, rather they insure them assuming the loan meets their guidelines. Here, the government replaces the private insurer and FHA actually insures the mortgage that the lender makes.Read More