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what are the va seasoning requirements for refinance?

by katrinarollins785 from Edwardsville, Illinois. Oct 21st 2014 Reply


Hi Kristina! There are no seasoning requirements in a VA Refinance. As an Illinois affiliate lender for the national Homes for Heroes program, I'd be happy to help you. Please feel free to call/text or email me if you'd like to discuss further. Daryl Hunter KrumseeNMLS #1080034PHH Home Loans 847-331-0882daryl.krumsee@phhonline.com

Oct 21st 2014
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Brian Allen (ballen)
#43 ranked lender in Maryland - 190 contributions

Katrina, there are no seasoning requirements for VA loans but you will have to pay another funding fee, if you like to see if refinancing makes sense you can call me toll free 800-485-1387 Ext. 116 or email ballen@bankofengland1.com

Oct 21st 2014
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John Schweer (johnschweer)
#9 ranked lender in Missouri - 158 contributions

No there are not, and if a funding fee is applicable it will be reduced in some cases it will be waived or the bank can pay it for you. I am a Veteran my self and have been specializing in VA lending since 1998 Click on my link for my contact information and we can discuss things.

Oct 22nd 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,925 contributions

None, however each lender requires that there be a net benefit to the borrower.. each lender defines this differently, but it's required so the lender wont be subject to predatory lending suspicion's. Typically, if the monthly savings is enough to pay for your closing costs over 36 to 48 month then you should be fine.. Example: Closing costs are $3600 and your payment is $100 less per month after the refinance. Then $3600/$100=36 months for the refinance to pay for itself. This would be allowed.. 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

Oct 21st 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,225 contributions

Depends whether you are trying to get cash out of the house, or just a better mortgage rate.

Oct 21st 2014
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

See the fine answers by forum members, and contact one of them for help.

Oct 21st 2014
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

There is no seasoning requirements for a VA refinance. But as someone already stated you will have to pay another funding fee.

Oct 21st 2014
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