VA ARM

The VA ARM loan has very low starting rates, which has made the program extremely attractive for many homebuyers. It is a great way to save money on a mortgage and reduce your monthly payments. These loans have become extremely popular in the last ten years, and it has repeatedly proven to be a safe and effective way for veterans to maximize their savings.

This is the VA’s version of an adjustable rate mortgage, but it is based on a different index than most conventional ARMs. It is even given favorable adjustments to keep the rates as low as possible.

 

Benefits of the VA ARM loan

 

VA Streamline Refinance

Veterans Affairs also offers VA ARM refinance loans. They are available for veterans who are currently in a VA loan and are eligible for a VA streamline loan or IRRRL. It is a quick and safe way to refinance and take advantage of lower interest rates.

 

Benefits of a VA Streamline Loan

 

VA ARM Refinance

These loans have lower interest rates than fixed loans and can also have three and five year fixed rate options, with 1% annual and 5% lifetime caps. These rates will adjust annually with a fully amortized 30-year loan.

 

Benefits of a VA ARM Refinance

Veterans who want to lower monthly mortgage payments but don’t plan to keep their loans long term would really benefit from this program. Contact us today to get your Free Quote and find out how we can help.

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