Caliber Home Loans

• Variety of Loan Options
• Military Friendly® Designations

Variety of Loan OptionsCaliber’s VA loan options include the following:

• Fixed-rate VA loans
• ARM VA loans
• High-balance VA loans
• VA Streamline Refinance (IRRRL)

The VA Streamline Refinance can refinance an ARM to a fixed rate, shorten a loan’s term to reduce the amount of interest owed, or finance energy-efficient improvements. Basically, it can quickly lower your payments. The VA entitlement is re-used so the loan amount is not affected, and this process can be especially efficient if your original VA loan was provided by Caliber because a new property appraisal may not be necessary.

Military Friendly® Designations

Caliber maintains a Military Friendly® designation both as a brand and as an employer. The Military Friendly® Companies ratings measure a company’s social and material investment in support of the military and veteran community, so this reflects very well on the company’s reputation. Caliber’s employee development programs help veteran employees reach career goals through hiring, retention, and advancement.

As for meeting the needs of military borrowers, Caliber lending professionals are equipped to answer questions about these topics:

• Military culture, rank, and pay grades
• Pay and allowances
• Leave and earning statements (LES)
• VA entitlement guidelines
• Qualifying military service
• Certificate of Eligibility (COEs)
• PCSing and military relocation

• Credit Score Implications

Credit Score Implications

Some prospective borrowers may need to improve their credit prior to qualifying for a VA loan with Caliber. Borrowers with credit scores from 580–619 may only qualify for purchase transactions of one-unit single-family residences. And borrowers with a score below 620 won’t qualify for an adjustable-rate mortgage (ARM) VA loan.