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Updated over 4 years ago, 07/02/2020

User Stats

112
Posts
62
Votes
Jesse Hinaman
  • Lender
  • Sacramento, CA
62
Votes |
112
Posts

VA Rates have hit record lows!!

Jesse Hinaman
  • Lender
  • Sacramento, CA
Posted

VA rates have hit new historic lows!! 2.25% for 30yr fixed.

If you weren't aware, VA offers a streamline refi option called an IRRRL (interest rate reduction refinance loan) that requires no income verification or appraisal, and property can currently be an investment property and still get this reduced

VA rate (as long as property currently has VA loan in place). They also apply huge cut to the VA funding fee (only .5% vs the normal 1.6%).

If your a veteran in California Bay Area, Sacramento, or So Cal you should be leveraging the VA benefit to propel your investment strategy.