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From: Elizabeth J. Spaulding
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1% Down Payment in Texas
A qualified home buyer is eligible for this Conventional 1% down payment program. At closing, the lender contributes another 2% towards the down payment making a total of 3% equity at closing. Program is offered in Dallas-Fort Worth and Texas by Red Diamond Home Loans NMLS #1325498. Mike Lingenfelder is a Home Loan Consultant NMLS #430009.
From: Mike Lingenfelder
Related topics : texas home loan programs / home equity loan
Do I have to get an appraisal for a VA refinance
It depends on the type of refinance. For an Interest Rate Reduction Refinance loan (IRRRL), the VA’s streamline refinance option, no appraisal is required. However, for the cash-out refinance option, an appraisal is required. Why the difference? Because in a cash-out refinance, the amount of cash you are eligible to receive out of the loan is determined by the amount of equity you have in your home; calculating this relies on the current value of your home.
Equity is calculated by taking the...
From: Low VA Rates
Related topics : home equity loan refinance cash out / home equity loan refinance calculator / home equity loan rates calculator / home va loans interest rates