We're here to help veterans!
We Have The Lowest Rates In The Industry
What customers say about Iconic
Iconic went above and beyond to help my wife and I get everything together that we needed for our loan to get approved! They were very professional and knew exactly what had to be done. Would recommend them to any veteran looking to purchase a home!!Daniel Edwards
With the rates being so low now, I needed to refinance my mortgage as soon as possible. Thanks to Iconic, it all became possible in the shortest matter of time! The process was easy to understand and I learned a lot from them. I highly recommend them – they have the best rates!Samantha Black
How to Get Approved
Wondering how it all works? Here are a few of the criteria we take into account.
Borrowers must, first and foremost, be eligible for VA home loans. This means they must have satisfied the service requirements and have enough “entitlement” available to be considered for a VA loan.
The lender’s handbook states that VA home loan benefits are to be used mainly for owner-occupied properties. The VA lists single-family homes, VA-approved condos, townhouses and multi-family homes (up to four units per borrower) as properties generally eligible for VA financing.
By law, VA borrowers must occupy the homes they finance. VA borrowers must verify that they will occupy their homes within a reasonable time. For most, this means within 60 days after closing.
Income & Credit
VA-eligible borrowers must qualify for the loans they obtain. Veterans (and co-borrowers, if joint) must have eady and ample income and satisfactory credit. Lenders are given some flexibility to decide whether a borrower is a safe credit risk within VA guidelines. VA-approved lenders may set their own credit score minimums.
The VA Interest Rate Reduction Refinance Loan (IRRRL)
The VA Streamline Refinance, also known as the VA Interest Rate Reduction Refinance Loan (VA IRRRL), is the easiest and quickest form of refinance for Veterans. This process allows Veterans to access extraordinary savings and take advantage of lowest interest rates without having to go through the normal qualifications of a typical refinance.
With this program, veterans benefit from:
- No appraisal
- Little to no credit score requirements
- No income/asset verification
- Ability to skip two monthly mortgage payments
- Full escrow refund
Home Ownership Made Easy
Our company has been helping Americans build and secure their future for years. All Loan officers on our team are top professionals, united by our corporative values of integrity, reliability, and simplicity.
We Help Veterans
Our loans for veterans feature fixed rates and payments, so you’ll always know exactly how much to pay each month and when your loan will be paid off.