Fidelity Home Group is here to help you find VA Loan financing for your home purchase or refinance that’s best for you—whether you’re just starting out, tired of renting or buying a property in Florida. With free pre-approvals, you can search for your new home knowing all of your options, and our selection of specialty loan programs and in-house mortgage experts means your home loan is personalized to your individual needs and budget. 

The Department of Veterans Affairs created the [ VA ] loan to make it easier for veterans and active duty to purchase a home. What makes the VA loan so special is that if you qualify, you can purchase a home for no money down. Generating tens of thousands of dollars for a conventional home loan down payment of 20% can be a huge challenge for anyone, but that is no longer a hurdle from home ownership if you qualify for a VA loan.

The VA Streamline Refinance, also known as the Interest Rate Reduction Refinance Loan [ IRRRL ], is a program specifically designed for VA borrowers who want to lower their monthly mortgage payment by refinancing to a lower interest rate. This program is called a “streamline” refinance because it often requires less documentation and has more lenient credit and income requirements than a traditional refinance.

The VA Cash-Out Refinance, on the other hand, allows VA borrowers to access the equity in their home and use the proceeds for any purpose, such as paying off debt, making home improvements, or investing in other assets. Unlike the VA Streamline Refinance, the VA Cash-Out Refinance does require a full credit and income review, and the borrower must have enough equity in their home to qualify.