February 2015 VA mortgage interest rates in Florida are starting very low and near historic low levels. As of February 2015, current VA 30 year fixed rates are starting off the year much lower when compared to last year at this time. VA 30 year interest rates are currently in the low to mid 3 percentage points with zero loan discount points by most Florida VA lenders and brokers.
VA mortgage rates are certainly low as we begin February. Homeowners that currently have a VA mortgage still have time to look into a streamline VA IRRRL refinance and possibly saving hundreds each month on their mortgage payments. No need to worry about equity requirements as the VA IRRRL program doesn’t require a new appraisal. VA offers many flexible refinance options in 2015, in addition to a 100% cash out option for homeowner that DO have equity and want to pay off higher interest debt – says Cindy Duval – VA loan specialist.
Also remember if you are an existing homeowner that already has a VA mortgage, you still have options to refinance your loan into a lower rate and possibly save a pile of cash each month. The VA Streamline refinance program allows Florida & Georgia homeowners that currently have an VA mortgage to refinance into a lower interest rates, the best part is you can do so regardless of how “upside down” or “underwater” your home value is. You don’t need any equity in your home or a new appraisal. Additionally, VA streamlined paperwork makes the refinance process simple, no big piles of paperwork or hassle.
VA home loan closing times for February 2015 are closings in as little as 2 weeks for both purchase and refinance. The average closing time is around 21 days.
VA Mortgage Hub is Florida’s VA loan leader. We are available to serve you 7 days week. If you have questions about a new VA loan approval, interest rates or the VA refinance program – please contact us at ph: 800-743-7556 or just visit http://vamortgagehub.com
VA Loan Interest Rates – February 2015