Wyoming VA Loans
For qualified veterans looking to purchase or build a new house in Wyoming, right now is a great time to do so with a VA guaranteed loan. Housing prices have dropped in Wyoming recently, while loan limits have increased in most counties across the state. What this means is you will be able to afford a much bigger property than you ever thought imaginable. You can even get
pre-qualified today by filling out our secure online form.
Benefits of a VA Loan
When you apply for a VA Loan in Wyoming, one of the greatest benefits is the no-down payment feature. While most conventional loans require 20% of the total cost of the house for a down payment, with a VA Loan you can borrow the same amount and not have to supply money upfront. This really helps everyone, especially young families who don’t have the capital for a hefty down payment. Additionally, you won’t be required to pay private mortgage insurance (PMI), which makes the loan even more affordable. The other benefits include, but are not limited to, individual repayment plans, streamlined refinancing, low interest rates, minimal closing fees and quick approval.
How to Qualify
In order to qualify for a Wyoming VA Loan, you must fill out an eligibility form with the VA. You can do this before you start the loan process, or have your lender submit it for you. The rules require that all current military members must serve a minimum of 181 days of regular active-duty service in order to be eligible. Ex-military personnel must have served this time and been discharged under honorable circumstances from the military.
If you already have a VA Loan, right now is a great time to refinance and take advantage of lower interest rates. When you apply for a VA Interest Rate Reduction Refinancing Loan (IRRRL), you won’t be required to supply any additional paperwork or pay supplementary fees. You can also opt for a VA Cash-out refinance if you need to borrow money against the house’s equity.
Get Pre-approved Today!
If you are interested in a Wyoming VA Loan, take a minute to fill out our secure online 1-minute pre-qualification form. Getting pre-approved for a VA Loan has never been simpler!