Jacksonville, IL VA Refinance Qualifying
Jacksonville VA Home Refinance Qualifications

NO LATE PAYMENTS IN LAST 12 MONTHS

You must have made the last twelve of your mortgage payments on time to be eligible for a cash-out refinance with VA Mortgage Centers. This is important because it shows that you are responsible and are able to make your loan payments on time.

DEBT-TO-INCOME RATIOS

Your debt-to-income ratio is the amount of your monthly gross income that goes toward debt. The VA’s acceptable debt-to-income ratio is 41%. VA Mortgage Centers can help you figure out what your current debt-to-income ratio is. It’s a complicated process because there are exceptions and variables that can affect your final ratio. If your debt-to-income ratio is higher than the VA’s threshold, you can lower it by paying off debt before applying for your refinance loan. VA Mortgage Centers can discuss your options with you so that you will be eligible for a refinance as soon as possible.

CREDIT CHECK

It’s important for the lender to check your credit again with a cash-out refinance, since it’s an entirely new loan. VA Mortgage Centers checks your credit to make sure that you are still financially stable. If you’re thinking of applying for a cash-out refinance in the near future, it’s a wise idea to pull your credit reports and check for any inaccuracies. If you find any, those inaccuracies should be disputed and taken care of before you start the refinance process.

Get a Lower VA Mortgage Rate By Calling 888-208-9797 today.  Start your VA Loan Now.

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If you’re looking for a personal mortgage experience you’ve come to the right place.  Get the best of both worlds with a designated VA professional plus technology. 

What’s even better are the lower rates, no upfront fees and fast closings. 

Rates so low the nations largest VA lenders panic when consumers find out about our Jacksonville VA Mortgage Rates.

Connect with your personal Jacksonville, IL VA Loan Expert by calling 888-208-9797.

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    Jacksonville is the most populous city in Florida, and is the largest city by area in the contiguous United States as of 2020.[8] It is the seat of Duval County,[9] with which the city government consolidated in 1968. Consolidation gave Jacksonville its great size and placed most of its metropolitan population within the city limits. As of 2019, Jacksonville’s population was estimated to be 911,507, making it the 12th most populous city in the U.S., the most populous city in the Southeast, and the most populous city in the South outside of the state of Texas.[10] The Jacksonville metropolitan area has a population of 1,523,615 and is the fourth largest metropolitan area in Florida.[11]