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can i refi into VA mortgage with current FHA? boyfriend in USAF

hoping to pursue a VA streamline do get out of current FHA mortgage, for which my insurance payments are high. i want the refi to get my boyfriend (air force) ON the mortgage so we can qualify for VA using him. we plan to get married but are unable to until next year. what ar our options by kelseowens84623159 from Beaumont, Texas. Sep 15th 2014 Reply


Colby Neal (FHAHomeLoanGuarantee)
#58 ranked lender in Arizona - 34 contributions

Yes, definitely. Going into a VA vs. the current FHA mortgage is a smart investment. You'll get rid of the monthly MI charges. contact me or apply online free: www.vahomeloanguarantee.com

Sep 15th 2014
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Steffnie Parsons (Steffnie)
#14 ranked lender in Oklahoma - 61 contributions

You can't do a VA streamline if you have a current FHA mortgage. A streamline is for someone that already has a VA home loan. However you can refinance from a FHA to a VA loan at 100% of the appraised value. You will have to be married if he is the Certificate holder.

Sep 15th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,925 contributions

You cannot do a VA IRRRL (Streamline) on an FHA mortgage.. only VA to VA.. and if you are not married, you cannot refinance using his benefits.. you would have to sell him the home for him to use his VA benefits.. Now, once your married, you can, but not until then.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sep 15th 2014
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Jason Vondrak (jvondrak)
#1 ranked lender in California - 1,714 contributions

You cannot complete a VA streamline refinance if you do not currently have a VA loan. If your boyfriend is the only one with VA eligibility, you will have to either wait until your are married to use it. The only other option if you do not want to get married until next year, but want to refinance the mortgage now would be to sell him the home and finance it under his benefits.

Sep 15th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,225 contributions

Agree with those pointing out that your boyfriend can't use a VA loan to refinance your loan, VA doesn't allow unmarried borrowers so he would have to apply alone. (My sister actually went through a similar situation last year.) You could be added to the title after he closes but would not be able to be on the loan when he applies. I can help: pdumouchel@primelending.com or 843-619-6025 http://pdumouchel.primelending.com **PrimeLending was #4 purchase mortgage lender in the US in 2012 and 2013 as determined by MarketTrac(c) for Jan-Dec 2012 & 2013

Sep 15th 2014
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Phil Georgiades (phil@fedhomeloan.org)
#970 ranked lender in California - 17 contributions

In order to use a VA loan, the borrowers must both have eligibility or be married. If you do not have past military service, you would need to be married to use his VA loan benefit. If you have enough equity in the home (and you do not have eligibility), you may want to refinance into a conventional loan.

Sep 15th 2014
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John Burke (jburke)
#30 ranked lender in Texas - 187 contributions

Hi Kelseownes, A couple of things. If you're considered common law married under Texas law that could work. Second thing. Even if you're not married, you can still be on a VA mortgage but you'll need 12.5% in equity or down payment. You can check out the VA guidelines here:http://www.benefits.va.gov/WARMS/docs/admin26/handbook/ChapterLendersHanbookChapter7.pdf Your boyfriend would have to occupy the home as his primary residence. | Please feel free to contact me for more information or help. John Burke | Senior Mortgage Banker | Great Plains National Bank | (877)228-9069 | Lending in ALL 50 states |

Sep 16th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,524 contributions

In theory, you can go from an FHA loan into a VA loan. You can NOT do a streamline unless the current loan is a VA loan. Also, while technically possible, 99.9% of VA lender do not allow a non-spouse to be on a VA loan. So until you get married, both of you being on the VA isn't possible. In MN, SD, WI, contact www.VA-IRRRL-Loan-MN.com

Sep 16th 2014
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