What is a VA IRRRL Refinance?
VA Refinance is a type of mortgage refinancing specifically for verterans. It is a lot more leniant, enabling a faster, and easier loan process. It has fewer requirements than typical loans including the following.
No Income Required
No Asset Required
Only current on last mortgage payment
Credit above 640
VA Refinance Details
Only avaliable to homeowners who currently have a loan through the Veterans Administration, IRRRLs are meant to streamline the refinancing process that allows you to replace a current mortgage with a new mortgage at a lower rate or move from an adjustable rate mortgage to a fixed rate mortgage.
Are You Eligible for a VA IRRRL?
You must meet all of these criteria below:
Must already have a VA Home loan.
Must be using this IRRRL to refinance the existing VA loan for your home.
Can verify that the the home you are looking to refinance is covered by your current VA Home Loan.
Getting Your VA Refinance
If you meet all of the qualifications above, you should get your free quote from us. We will give you rates and show you how much you can save. Best of all, it's completely free and no-obligation. If you're still not sure, you can find out more about VA loans below.
If you aren't sure what is right for you, call today to speak to our qualified mortgage experts.