A VA Interest Rate Reduction Refinance Loan (VA IRRRL) is similar to an FHA Streamline, in that it allows homeowners with a current VA loan to reduce their monthly payment and interest rate with little documentation. This process often times does not require an appraisal, which contributes to the low closing costs associated with this mortgage product.
- Reduce monthly payment and interest rate.
- Little documentation required to qualify.
- Low closing costs
- Quick and simple process
If you currently have a VA loan and want to reduce your monthly payment and interest rate, then contact us today.
We’ll help you see the differences in loan programs and ultimately find the mortgage product that is going to best fit your financial needs.