Silvis, IL VA Refinance Qualifying
Silvis 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.

I’m Confident and Ready to Start My Online Application.

Get the Best VA Mortgage Rate

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 Silvis VA Mortgage Rates.

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

Get my VA Rate! 

    Once this form is completed, a local VA mortgage consultant will be reaching out to you. You will receive an instant email with the credentials of your VA consultant with contact information and a photo. We look forward to assisting you with your home buying or refinancing needs.

    Safe, Secure, No Obligation

    5 Star Rankings Since 1997
    See if you Quality for a Silvis, Illinois VA Refinance

    1-888-208-9797

    To Better Serve You our Silvis VA Mortgage Team is Available 24/7

    A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

    Get a Quote

    Silvis is a city in Rock Island County, Illinois, United States. It is part of a larger metropolitan area known as the Quad Cities. The Quad Cities Metropolitan Area is situated across four counties in Illinois and Iowa. Silvis is the first community one encounters when entering the Quad Cities from the east on Interstate 88. Four miles from the intersection of Interstate 80 and Interstate 88.[3]

    As of 2014, the population is 7,604[5] with 2,984 households, and 1,939 families residing in the city. The population density was 1,993.8 people per square mile (768.9/km2). There were 3,135 housing units at an average density of 859.9 per square mile (331.6/km2). The racial makeup of the city was 86.09% White, 3.45% African American, 0.47% Native American, 0.81% Asian, 6.51% from other races, and 2.67% from two or more races. Hispanic or Latino of any race were 14.36% of the population.