Austin VA Home Loans & VA Loan Refinancing
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Austin VA Home Loans & Refinancing

A VA home loan greatly benefits military personnel during and after their service. Fortunately, Joel Richardson has an MBA and over 20 years of finance experience. Therefore, he understands the importance of a “home base” for military members and their families. Furthermore, he is proud to be able to help active and retired military use this product to meet their unique needs.

First, VA home loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs. Moreover, these loans offer the following advantages:

  • No down payment ¹
  • Higher loan value
  • No private mortgage insurance
  • Limit on closing costs
  • Option for seller to pay closing costs
  • No penalty fee for early payoffs
  • Possible VA assistance if you have difficulty with payments

Joel Richardson and his Austin team are honored to have assisted many Texas Veterans and Veterans nationwide. Consequently, as an accredited Veterans Advocacy & Benefits Association (VABA) member, Joel considers it a privilege to help veterans.

Their dedication to helping each borrower find the home loan solution tailored to their needs allows his team to help Veterans in every situation. Are you on active duty, deployed overseas? Are you returning home? Joel and his team are happy to help you! Joel and his team are experienced and knowledgeable regarding the Texas Veteran Land Board (VLB) and the nationwide V.A. Loan programs. Therefore, they will pay detailed attention and efficiently deliver the home financing each Veteran needs.

  1. Down payment waiver is based on V.A. eligibility.
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AVAILABLE VA LOAN PROGRAMS

Home Purchase

We have several programs that provide low down payment or no down payment options. For that reason, buying a home may be more affordable than you think.

VA Home Loan Refinance

Existing homeowners with conventional, FHA, USDA and or other programs may be eligible to refinance. Veterans count on us for assistance to evaluate whether it’s time to improve their interest rate and payment with their existing VA benefits.

Remodel/Renovation Loans

Currently, the VA does not offer a renovation loan. Please contact us to discuss your specific home renovation project and we will help you find the right program to fit your needs.

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Types of VA Loans

There is a VA loan to fit your needs:

  • Fixed Rate Home Loan
  • Adjustable-Rate Mortgages
  • Jumbo Home Loan
  • Cash-out Refinance Loans
  • Interest Rate Reduction Refinance Loan (IRRRL)

Consistently rated with five-star service as a leading lender locally and nationwide, Veterans can trust Joel Richardson and his team to provide prompt, reliable, and trustworthy service to find the best Texas VA or VA home loan option to fit their needs. Get started on your VA loan today by connecting with Joel with an easy online form or a quick phone call. Joel’s team can walk you through the qualification process*.

(*All loans are subject to credit approval. A qualification is not an approval of credit and does not signify that underwriting requirements have been met. Conditions and restrictions may apply.)

Wondering if you are eligible? Read our Frequently Asked Questions below.

VA Eligibility Frequently Asked Questions

This VA Eligibility FAQ is provided to help you understand VA eligibility and reuse eligibility for another VA loan.

  • Who is eligible for a VA loan?
    Veterans and service members with an honorable discharge from the U.S. Army, Navy, Air Force, Marines, Coast Guard, National Guard, Reserve components, or U.S. military academies may be eligible.
  • How do I apply for a VA loan?
    You can apply through any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility (COE) is required to confirm eligibility.
  • What is a Certificate of Eligibility (COE), and how do I get one?
    A COE is issued by the U.S. Department of Veterans Affairs and confirms your eligibility to use VA loan benefits. You can apply by submitting VA Form 26-1880 with proof of military service to the VA. In many cases, eligibility can be verified electronically.
  • Can my lender obtain my COE for me?
    Yes. Most lenders can access the VA’s Automated Certificate of Eligibility (ACE) system, which may issue a COE instantly if sufficient records are available.
  • What proof of military service is required?
    Active duty: Statement of service signed by a commanding or personnel officer
    Veterans: Copy of DD Form 214 (photocopy only)
    National Guard / Reserves: Documentation showing at least six years of honorable service (such as NGB Form 22, NGB Form 23, or retirement points statements)
  • What can a VA loan be used for?
    VA loans may be used to purchase or build a home, buy a condo or duplex, improve a home, refinance an existing mortgage, or add energy-efficient upgrades.
  • Can I refinance with a VA loan?
    Yes. VA refinance options include both cash-out refinancing and streamlined IRRRL programs.
  • I’ve already used a VA loan. Can I use my VA benefit again?
    Yes. VA loan eligibility is reusable in many cases. If your prior VA loan has been paid off and the property sold, eligibility can typically be restored. In some situations, eligibility may also be restored even if you still own the property.
  • How do I restore my VA loan eligibility?
    Eligibility is restored by submitting VA Form 26-1880 to the VA, along with proof that the prior VA loan was paid in full and, if applicable, that the property was sold (such as a payoff statement or HUD-1).
  • Can I still get a VA loan if only part of my eligibility is available?
    Yes. Partial remaining eligibility may still be used, depending on the loan amount and lender requirements. In some cases, a down payment may be required.
  • Is a surviving spouse eligible for a VA home loan?
    Yes. An unmarried surviving spouse of a veteran who died on active duty or from a service-connected disability may be eligible. Certain remarried surviving spouses may also qualify based on age and remarriage date.
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Contact Joel Richardson for VA Loan Assistance

Have more questions about VA loans and eligibility that weren’t addressed here? Whether you’re a local Austin resident or live in another part of the country, Joel Richardson and his team are here to help you. Contact our office today!

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