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    Can I borrow more than the value of my home with a VA loan?

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    DirectVALoans

    by DirectVALoans

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    Veterans may wonder if its possible to get a VA loan for more than the home value. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, Can I borrow more than the value of my home with a VA loan? A VA mortgage can finance up to 100% of a new purchase. The VA will not guarantee loan funds for more than the purchase price. If a VA borrower wants to make immediate property improvements after the home purchase can look into a second mortgage or HELOC if the home appraises for more. Based on VA guidelines a veteran borrower can refinance up to 100% of the homes value, as determined by an appraisal of the homes current value. With a VA streamline refinance or an IRRRL a VA borrower can refinance the entire current mortgage into a new loan with a lower rate. For the complete video series and to find more answers to your most commonly asked VA loan questions at http://www.directvaloans.com/VA-Loan-Questions/Default.aspx.