Posted on May 20, 2020
PFC Carol Cleaver-Hesser
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I'm a 50 % disabled veteran but my late husband was 100% disabled veteran
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SSG Instructor
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Ok, there is a lot you are missing from this question.

Why do you want to refinance? Are you trying to buy the land the home is on or lower the interest rate?
Second note, your are your late husbands disability ratings have absolutely nothing to do with the process. If the loan is current, its based on your income and credit score when refinancing is considered.
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LTC Jason Mackay
LTC Jason Mackay
2 y
interest rates had been at an all time low. The payment reduction and removal of mortgage insurance could make it worth it. I'm saving $5K a year from my recent refi to a VA Loan.
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Basic Cadet (Pre-Commission)
Basic Cadet (Join to see)
1 y
Yes, I have a credit score of 300 and I used to work on medium salary for a Web Designing Company USA. Whenever I need any kind of loan I always prefer these payday loans in Virginia (VA) services which always belong to https://maybeloan.com/payday-loans/va and their reputation is quite very good. You can choose your payback dates and also make changes like full closures or half closures etc.
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LTC Jason Mackay
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Edited 2 y ago
I just refinanced a conventional mortgage with a VA loan. I had to pay the conventional for 6 months. Then re-fi. You may have to bring cash to close as VA has to appraise the dwelling and the appraisal impacts the amount they'll fund. Your lending institution loan officer should be able to explain this in your exact case. You can purchase a mobile/manufactured home on a VA Loan, so refi must also be possible. If the lender says they can't, go find another one. They can, they just won't. We went to three lenders before we found one.

Your disability rating may come in to play if there is a modification cost (grant program) and waiving certain fees. https://www.military.com/money/home-ownership/disabled-vets-can-expect-additional-benefits-from-their-va-loans.html

Your disability rating doesn't impact your access to a VA loan. Recommend you reach out to a local VA vet center or VSO Benefits Officer for assistance.
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