From the Desk Of General Chicken

 If you’re active-duty military, a veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan, and one of Movement’s biggest perks – waived lender’s fees*. 

The VA Mortgage is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs.  

30-year: Minimum FICO

580 minimum FICO and maximum loan amount of $1,000,000; or

680 minimum FICO and maximum loan amount of $2,000,000

15-year: Minimum FICO

580 minimum FICO and maximum loan amount of $1,000,000

Note: For loan amounts greater than > $647,200 the maximum loan  amount must include the funding fee when financed (applies to both 15  and 30 year fixed).

For eligible VA loan borrowers, there may be specific options just for you to be able to refinance your loans:

VA IRRRL  (Veterans Affairs Interest Rate Reduction Refinancing Loan)

Veterans, Retirees and Active Duty Personnel can refinance an existing VA guaranteed loan to reduce the interest rate or switch an adjustable rate to a fixed rate through the VA Interest Rate Reduction Refinancing Loan (IRRRL). No appraisal or credit underwriting is required unless upon request. IRRRL only requires applicants to certify previous ownership of the home under the loan’s coverage and may be done with no money out-of-pocket by including all costs in the new loan.

VA Cash-Out

This VA refinance option helps eligible military borrowers refinance their home loan to get cash out from built-up equity. Our program also offers the ability for up to a 100% cash out option*.