VA IRRRL: VA Streamline Refinance Loan

If you currently have a VA Home Loan that you would like to refinance while interest rates are still low, your best option is most likely a VA IRRRL (Interest Rate Reduction Refinance Loan) otherwise known as a VA Streamline Refinance Loan.  An IRRRL refinances your existing VA Loan into a new VA Home Loan at a lower interest rate.  You can also refinance from an adjustable rate mortgage (ARM) into a fixed rate mortgage, even if the fixed rate is higher than the current rate on your ARM loan.

You don’t have to use the same lender that currently services your VA Loan for a VA IRRRL.  You can use any VA approved lender that offers the VA IRRRL loan.  It is in your best interest to check with other VA lenders to see if they can give you a lower rate than your current VA Home Loan servicing company.

VA IRRRL: Loan Eligibility Requirements

• Must be refinancing an existing VA Loan into a new VA Home Loan.
• No late payments on your current VA Loan in the past 12 months.
• Must certify that you have been occupying the property.
• Cannot take more out on your new loan than what you currently owe.  However, closing costs can be added to the new loan so there is not any cash out of pocket to refinance.

Get Started on Your VA Home Loan Now!!

Call our toll free number (888) 890-3967 or fill out the short form to the right and a VA Loan Specialist will help you get started.