
It just got easier to obtain a VA Loan!
The VA's authority to guaranty Adjustable Rate mortgages (ARM's) and Hybrid ARM's, was extended under the new law through September 30, 2012.
Interest adjustments on VA Adjustable Rate Mortgages are limited from year to year which can amount to huge savings for the Veteran.
Cash-out refinancing is now allowable for Loan-To-Values (LTV) of up to 100%! (Up from 90%) VA's maximum loan amount is increased for loans up to as much as $729,750, depending on where the home is located.