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VA Home Loans and Mortgages

Today’s National VA Rates for January 19, 2011

*Please note that National VA Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific National VA Rates!*

*All National VA Rates posted are based on 30 day locks. *

*Please note that the National VA Rates posted are subject to adjustments for the following criteria*

1) Loans under $100,000.00.

2) State specific adjustments.


VA 30 year fixed Credit Score 620-639 Rate APR
with 2 points 4.750% 4.930%
with 1 point 4.875% 5.029%
with 0 points 5.125% 5.191%
VA 30 year fixed Credit Score 640-659 Rate APR
with 2 points 4.250% 4.485%
with 1 point 4.50% 4.651%
with 0 points 4.75% 4.815%
VA 30 year fixed Credit Score 660-679 Rate APR
with 2 points 4.250% 4.485%
with 1 point 4.375% 4.524%
with 0 points 4.625% 4.689%
VA 30 year fixed Credit Score 680-699 Rate APR
with 2 points 4.250% 4.485%
with 1 point 4.375% 4.524%
with 0 points 4.625% 4.689%
VA 30 year fixed Credit Score       700-740
Rate APR
with 2 points 4.250% 4.485%
with 1 point 4.375% 4.524%
with .5 points 4.50% 4.564%




VA 15 year fixed Credit Score 620-639 Rate APR
with 2 points
N/A
N/A
with 1 point 4.250% 4.512%
with 0 points 4.625% 4.737%
VA 15 year fixed Credit Score 640-659 Rate APR
with 2 points
N/A
N/A
with 1 point 4.000%
4.260%
with 0 points 4.250% 4.361%
VA 15 year fixed Credit Score 660-679 Rate APR
with 2 points
3.875% 4.286%
with 1 point 4.00% 4.260%
with 0 points 4.250% 4.361%
VA 15 year fixed Credit Score 680-699 Rate APR
with 2 points
3.750% 4.160%
with 1 point 4.00% 4.260%
with 0 points 4.125% 4.236%
VA 15 year fixed Credit Score      700-740
Rate APR
with 2 points
3.750% 4.160%
with 1 point 3.875% 4.134%
with .5 points 4.00% 4.110%

The VA Hybrid ARM Rates are based on

rate adjustment caps of 1/1/5 and a margin 1.75%


VA 3/1 Hybrid ARM
Credit Score 620-639 Rate APR
with 2 points
4.375% 2.911%
with 1 point 4.875% 3.006%
with 0 points N/A
N/A
VA 3/1 Hybrid ARM Credit Score 640-659 Rate APR
with 2 points
3.875% 2.766%
with 1 point 4.250% 2.772%
with 0 points 4.875% 2.922%
VA 3/1 Hybrid ARM Credit Score 660-679 Rate APR
with 2 points
3.625% 2.650%
with 1 point 4.125% 2.726%
with 0 points 4.750% 2.875%
VA 3/1 Hybrid ARM Credit Score 680-699 Rate APR
with 2 points
3.50% 2.612%
with 1 point 4.000% 2.683%
with 0 points 4.50% 2.783%
VA 3/1 Hybrid ARM Credit Score      700-740
Rate APR
with 2 points
3.250% 2.537%
with 1 point 3.750% 2.607%
with .5 points 4.375% 2.737%


VA 5/1 Hybrid ARM Credit Score 620-639 Rate APR
with 2 points
3.750% 2.906%
with 1 point 4.250% 3.053%
with 0 points 4.625% 3.155%
VA 5/1 Hybrid ARM Credit Score 640-659 Rate APR
with 2 points
3.00% 2.588%
with 1 point 3.250% 2.611%
with 0 points 3.625% 2.689%
VA 5/1 Hybrid ARM Credit Score 660-679 Rate APR
with 2 points
2.875% 2.543%
with 1 point 3.250% 2.611%
with 0 points 3.500% 2.636%
VA 5/1 Hybrid ARM Credit Score 680-699 Rate APR
with 2 points
2.750% 2.498%
with 1 point 3.250% 2.611%
with 0 points 3.375% 2.584%
VA 5/1 Hybrid ARM Credit Score      700-740
Rate APR
with 2 points
2.750% 2.498%
with 1 point 3.125% 2.558%
with .5 points 3.250% 2.532%



Compare Today’s National VA Rates with Today’s USDA Rates and Today’s FHA Rates.

Click below for your free customized quote.

You can also compare our rates posted above to those offered by Pentagon Federal Credit Union, please see the box below.

Here is the link to their rates: https://www.penfed.org/productsAndRates/mortgages/mortgageRatesListing.asp

VA Fixed Mortgage Loans

Fixed Rate Mortgages carry a 1% Origination Fee.

30-Year VA Fixed Loan
Rate Points APR
5.250 0.000 5.681
5.125 0.250 5.577
5.000 1.000 5.520
15-Year VA Fixed Loan
Rate Points APR
4.500 0.000 5.222
4.375 0.250 5.134
4.250 1.000 5.127

Disclosures

All rates are effective January 19, 2011 and are subject to change without notice. Rates are generally posted on this page between 11:30 AM – 12:30 PM Eastern Time. If you are viewing these rates prior to that time and yesterday’s date appears above, the rates shown here may no longer be available.


 

 



All rates are effective January 19, 2011 and are subject to change without notice. Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount and 30 day rate locks.

Great News – 100% VA Cash Out Refinance – Coming January 3, 2011

The VA Loan guidelines consider a VA Refinance to be cash out even if you’re not receiving cash back at closing or paying off non-mortgage debt if you’re not doing a VA IRRRL.

In most cases lenders will limit your new VA Loan to 90% of your home’s appraised value even though the actual VA guidelines allow up to 100%! For example; If your home appraises for $300,000.00, the maximum loan amount would be $270,000.00 or 90% of $300,000.00.

Now let’s say you just want to refinance your current non VA Loan to a new VA Loan. Under the VA guidelines this would be considered a cash out refinance and limited to 90% of the appraised value due to lender guidelines.

The good news is we now have that ability to refinance an existing non VA Loan in to a new VA Loan at 100% of the appraised value!

For more information regarding the VA cash out refinance to 100%, please go here.

Program details are below for this incredibly easy VA Refinance.  We lend nationwide!

VA Cash Out Refinance Highlights:

One of the only programs left that will allow 100% financing on a refinance of an existing mortgage.

Qualification requirements:

1.  Must be currently employed.

2.  620 or better middle credit score.

3.  No late payments on your mortgage over the past 12 months.  One 30 day late may be acceptable with explanation.

4.  No liens on your home currently.

5. Must be able to document income.

We will now permit the following increased loan to value (LTV) for VA cash-out transactions.
• Maximum loan to value for cash-out transactions in which the borrower pays off only the mortgage lien(s) and finances closing costs, pre-paid expenses and discount points – 100% of the appraised value of your home.
o Second mortgages being paid off must be seasoned at least one year and may not have had draws in the most recent 12 months unless the draws were for documented home improvements.
o Minimum credit score for 1-2 unit properties – 620
o Minimum credit score for 3-4 unit properties – 640

• Maximum loan to value for cash-out transactions providing cash back to the borrower and/or non-mortgage debt consolidation – 95% of the appraised value of your home. This is up from the previous 90% limit!
o Minimum credit score for a VA cash out loan where the loan is over 90% of the appraised value of your home with cash back to the borrower and/or non-mortgage debt consolidation and property is SFR – 640.
o Minimum credit score for a VA cash out loan where the loan is equal to or less than 90% of the appraised value of your home with cash back to the borrower and/or non-mortgage debt consolidation and property is SFR – 620.
o 2-4 Unit properties are not permitted

We can structure your VA refinance so that you skip 2 mortgage payments!

In addition, you should receive an escrow refund from your current lender. This means more “cash” in your pocket!

Does a VA refinance make sense for me?

Fill out our no obligation quick quote tool to find out how much you can save!

Click here to get started!


Today’s National VA Jumbo Mortgage Rates for November 3, 2010

*Please note that National VA Jumbo Mortgage Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific National VA Jumbo Mortgage Rates!*

*All National VA Jumbo Mortgage Rates posted are based on 30 day locks. *

*Rates are based on a $700,000 loan amount.*

*Please note that the National VA Jumbo Mortgage Rates posted are subject to adjustments for the following criteria*

1) Loans under $100,000.00.

2) State specific adjustments.

 

 

 

 



VA Jumbo Mortgage 30 year fixed – Credit Scores 620 to 639

Not Available


VA Jumbo Mortgage 30 year fixed – Credit Scores 640 to 659

With 2 points – 4.0%! – APR of 4.368%

With 0 points and 0 lender fees – 4.25%! – APR of 4.447%


 

VA Jumbo Mortgage30 year fixed – Credit Scores 660 to 679

With 2 points – 4.0%! – APR of 4.368%

With 0 points – 4.25%! with a credit of 1.280% of your loan

amount for closing costs!– APR of 4.447%


 

VA Jumbo Mortgage 30 year fixed – Credit Scores 680 to 719

With 1.653 points – 4.0%! – APR of 4.338%

With 1.5 points – 4.125%! – APR of 4.451%

With 0 points  – 4.25%! with a credit of 1.53% of your loan

amount for closing costs!– APR of 4.447%


 

VA Jumbo Mortgage 30 year fixed – Credit Scores 720+

With 2 points – 3.875%! – APR of 4.240%

With 1.375 points – 4.125%! – APR of 4.440%

With  points  – 4.25%! with a credit of 1.655% of your loan

amount for closing costs!– APR of 4.447%


 

 

 

VA Jumbo Mortgage 5/1 ARM with a 1.75% margin and 1/1/5 Caps


 

VA Jumbo Mortgage 5/1 ARM (1/1/5 Caps) – Credit Scores 620 to 639

Not available


 

VA Jumbo Mortgage5/1 ARM (1/1/5 Caps) – Credit Scores 640 to 659

With 2.0 points – 3.375%! – APR of 2.849%

With 1  point – 3.875%! – APR of 2.982%

With 0 point – 4.250%! – APR of 3.077%


 

VA Jumbo Mortgage 5/1 ARM (1/1/5 Caps) – Credit Scores 660 to 679

With 2.0 points – 3.25%! – APR of 2.795%

With 1  point – 3.625%! – APR of 2.873%

With 0 point – 4.0%! – APR of 2.953%


 

VA Jumbo Mortgage 5/1 ARM (1/1/5 Caps) – Credit Scores 680-700

With 2.0 points – 3.125%! – APR of 2.741%

With 1  point – 3.50%! – APR of 2.819%

With 0 point – 3.875%! – APR of 2.899%


 

VA Jumbo Mortgage 5/1 ARM (1/1/5 Caps) – Credit Scores 720+

With 2 points – 3.0%! – APR of 2.688%

With 1  point – 3.375%! – APR of 2.766%

With 0 point – 3.750%! – APR of 2.845%

 


 


 

 

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $700,000 loan amount and 30 day rate locks.

Today’s National VA Mortgage Rates for November 3, 2010

*Please note that National VA Mortgage Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific National VA Mortgage Rates!*

*All National VA Mortgage Rates posted are based on 30 day locks. *

*Please note that the National VA Mortgage Rates posted are subject to adjustments for the following criteria*

1) Loans under $100,000.00.

2) State specific adjustments.


 

 


 

 

VA 30 year fixed – Credit Scores 620 to 639

With 2 points – 3.75%! – APR of 4.167%

With 1 points – 4.0%! – APR of 4.334%

With 0 points – 4.250%! – APR of 4.679%


VA 30 year fixed – Credit Scores 640 to 659

With 2 points – 3.75%! – APR of 4.167%

With 1 points – 4.0%! – APR of 4.334%

With 0 points – 4.250%! – APR of 4.679%


 

VA 30 year fixed – Credit Scores 660 to 679

With 2 points – 3.75%! – APR of 4.167%

With 1 points – 4.0%! – APR of 4.334%

With 0 points – 4.250%! – APR of 4.679%


VA 30 year fixed – Credit Scores 680 to 719

With 2 points – 3.75%! – APR of 4.167%

With 1 points – 4.0%! – APR of 4.334%

With 0 points – 4.250%! – APR of 4.679%


 

VA 30 year fixed – Credit Scores 720+

With 2 points – 3.75%! – APR of 4.167%

With 1 points – 3.875%! – APR of 4.207%

With 0 points – 4.250%! – APR of 4.679%



 

VA 15 year fixed – Credit Scores 620 to 639

With 2 points – Not Available

With 1 points – 3.5%! – APR of 4.087%

With 0 points – 4.0%! – APR of 4.440%


 

VA 15 year fixed – Credit Scores 640 to 659

With 2 points – Not Available

With 1 points – 3.5%! – APR of 4.087%

With 0 points – 4.0%! – APR of 4.440%


 

VA 15 year fixed – Credit Scores 660 to 679

With 2 points – Not Available

With 1 points – 3.5%! – APR of 4.087%

With 0 points – 4.0%! – APR of 4.440%


 

VA 15 year fixed – Credit Scores 680 to 719

With 2 points – Not Available

With 1 points – 3.5%! – APR of 4.087%

With 0 points – 4.0%! – APR of 4.440%


VA 15 year fixed – Credit Scores 720+

With 2 points – Not Available

With 1 points – 3.5%! – APR of 4.087%

With 0 points – 4.0%! – APR of 4.440%



 

VA Hybrid 3/1 ARM- Credit Scores 620 to 639

Not Available


 


VA Hybrid 3/1 ARM – Credit Scores 640 to 659

With 2 points – 3.75% – APR of 3.006%

With 1 points – 4.5%! – APR of 3.174%

With 0 points – 4.875%! – APR of 3.231%


 

VA Hybrid 3/1 ARM – Credit Scores 660 to 679

With 2 points – 3.50% – APR of 2.929%

With 1 points – 4.0%! – APR of 3.0%

With 0 points – 4.75%! – APR of 3.183%


VA Hybrid 3/1 ARM – Credit Scores 680 to 719

With 2 points – 3.375% – APR of 2.891%

With 1 points – 3.875%! – APR of 2.961%

With 0 points – 4.625%! – APR of 3.136%


 

VA Hybrid 3/1 ARM – Credit Scores 720+

With 2 points – 3.25% – APR of 2.852%

With 1 points – 3.75%! – APR of 2.922%

With 0 points – 4.50%! – APR of 3.089%



VA Hybrid 5/1 ARM – Credit Scores 620 to 639

With 2 points – 2.375% – APR of 2.511%

With 1 points – 2.625%! – APR of 2.553%

With 0 points – 2.750%! – APR of 2.485%


 

VA Hybrid 5/1 ARM – Credit Scores 640 to 659

With 2 points – 2.375% – APR of 2.511%

With 1 points – 2.625%! – APR of 2.553%

With 0 points – 2.750%! – APR of 2.485%


VA Hybrid 5/1 ARM – Credit Scores 660 to 679

With 2 points – 2.375% – APR of 2.511%

With 1 points – 2.625%! – APR of 2.553%

With 0 points – 2.750%! – APR of 2.485%


VA Hybrid 5/1 ARM – Credit Scores 680 to 719

With 2 points – 2.25% – APR of 2.466%

With 1.4 points – 2.50%! – APR of 2.508%

With 0 points – 2.750%! – APR of 2.485%


 

VA Hybrid 5/1 ARM – Credit Scores 720+

With 2 points – 2.25% – APR of 2.466%

With 1 points – 2.625%! – APR of 2.520%

With 0 points – 2.750%! – APR of 2.485%



 

 

Click here for your free customized quote.

Compare Today’s National VA Rates with Today’s USDA Rates and Today’s FHA Rates


You can also compare our rates to those offered by Pentagon Federal Credit Union, please see below.

Here is the link to their rates: https://www.penfed.org/productsAndRates/mortgages/mortgageRatesListing.asp

VA Fixed Mortgage Loans

Fixed Rate Mortgages carry a 1% Origination Fee.

30-Year VA Fixed Loan
Rate Points APR
4.500 0.000 4.870
4.375 0.875 4.822
4.250 1.750 4.774
15-Year VA Fixed Loan
Rate Points APR
3.750 0.000 4.385
3.625 0.625 4.355
3.500 1.250 4.325

Disclosures

All rates are effective November 3, 2010 and are subject to change without notice. Rates are generally posted on this page between 11:30 AM – 12:30 PM Eastern Time. If you are viewing these rates prior to that time and yesterday’s date appears above, the rates shown here may no longer be available.



 

 

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount with zero money down and 30 day rate locks.

This is an email I received today and thought this would be a great place to share it.


Conversation overheard on the VHF Guard (emergency) frequency 121.5 MHz while flying from Europe to  Dubai.  It’s too good not to pass along…


The conversation went like this…


Iranian Air Defense Radar: “Unknown aircraft you are in Iranian airspace.  Identify yourself.”

Aircraft: “This is a United States aircraft. I am in Iraqi airspace.”

Iranian Air Defense Radar: “You are in Iranian airspace. If you do not depart our airspace we will launch interceptor aircraft!”

Aircraft: “This is a United States Marine Corps FA-18 fighter. Send ‘em up, I’ll wait!”

Iranian Air Defense Radar: (no response…total silence)


God bless our troops!!!!!!