Interest Rate Reduction Refinance Loan
The VA Interest Rate Reduction Loan or IRRRL allows veterans who are currently in a VA loan to refinance to another VA loan with a lower interest rate or change from an ARM to a fixed rate loan. The goal of this VA refinance option is for the borrower to save money over the life of the loan by lowering the overall interest cost.
· NO APPRAISAL REQUIRED
· NO INCOME VERIFICATION
· NO ASSET VERIFICATION
· NO OUT OF POCKET EXPENSES
We are proud to offer the VA interest rate reduction loan without the need for an appraisal. In addition, we do not verify current income nor do we require any asset verification. If you are seeking a VA interest rate reduction loan, you will find it to be easier than a traditional refinance with less paperwork and easier underwriting guidelines.
Our VA mortgage specialists are ready to answer any questions you might have and offer insight into your specific situation, so call us today at (619)623-0633