VA Interest Rate Reduction Loan Refinance

VA Interest Rate Reduction Loan Super Savings Refinance

LOOK, I’m just going to say that if I was military and had a VA loan with a rate higher than 4.75% or so, I’d be looking at this VA refinance.  The VA Interest Rate Reduction Loan is likely the best deal out there.  The non-allowables, referring to the fees a lender is allowed to charge, make this loan super cheap.  As a matter of fact, I’m just going to list the details of this loan below.  After you read the details, and realize the opportunity you have as a military person, please contact me.

VA Refinance Facts of the IRRL (IRRL means Interest Rate Reduction Loan)

Minimum FICO is 640 on all IRRL’s

Income is not used to qualify…Verbal Verification of Employment Only

VA IRRL guidelines say no appraisal needed, but most lenders and banks have “overlays” that require an appraisal.  That being said, the appraised value of the subject property must be at least equal to the current total loan amount.

Much lower than the purchase or normal VA refinance funding fee, the IRRL VA funding fee is only .50%.

No mortgage lates in past 12 months on credit report

With our Fast Track loan processing, this can all be handled in 3 weeks.  You can call me, email me, or apply now online using the orange’sh colored button at the top right of this page.  If you have any wonder of how I work, please spend 10 minutes on my Testimonial page, and you will see a pattern that fulfills your confidence.  Read my testimonials at the bottom of this page below the pictures.