505-881-0801 | Info@InfinitiMortgageNM.com | New Mexico MLS ID #187935 - #224396

VA Program

VA Home Loan Programs in Albuquerque, NM

As a qualifying service member, veteran or family member, you have the opportunity to take advantage of one of the home loans offered by the United States Department of Veterans Affairs. An expert mortgage broker fromInfiniti Mortgage, LLC can help you sort through your numerous options to help you decide which program is best for your situation.

VA New Home Purchase Loans

There are several VA loan programs available for veterans, active-duty military and spouses who are interested in purchasing a new home. These options include:

  • New Home Purchase Loan – These are the standard VA home loans that may be obtained with no down-payments or private mortgage insurance.
  • Jumbo VA loans – The VA does not cap the amount of money you may borrow, but it does have limits on the amount of money it will guarantee. Any amount over $417,000 is considered a jumbo loan. These loans might require a down payment.

If you are unsure which VA new home loan is best for your needs, an experienced loan officer can help you determine what option is right for you.

VA Home Loan Refinance Options

Military members, veterans and their spouses who have an existing VA loan may refinance to reduce monthly payments or get cash for other expenses. Refinancing options include:

  • Interest Rate Reduction Refinance Loan (IRRL) – If you want a quicker refinance option, consider the streamline VA home loan refinance. The process is quicker and requires little paperwork. There are no credit and income requirements, but to qualify you must be on active duty, honorably discharged or an eligible spouse.
  • Cash-Out Refinancing Plan – If you have positive equity in your home, but need cash to remodel or to pay off debt, you can apply for the VA cash-out refinancing plan.
  • Conventional-to-VA Refinancing Plan – If you already have a home through a conventional mortgage, but are now eligible for military benefits, you can refinance your home with a VA loan.

An experienced loan officer from Infiniti Mortgage, LLC can go over the details of each option with you to help you determine which one is best for your situation.

Obtaining the Lowest VA Home Loan Rate

At Infiniti Mortgage, LLC, we want to ensure that you get the best possible rate for your VA home loan. That’s why we constantly monitor the market for indicators that the interest rate will change. By observing these changes, we can determine when the best time to obtain the lowest possible VA home loan rate. Contact us today to get the lowest possible rate on your home loan!

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New Mexico MLS ID #187935 - #224396