United States Veterans!!
It’s STILL a GREAT Time to Refinance | Learn more about the VA IRRRL Loan (No appraisal, No DTI calculated & streamline process with less documentation).
Valor Lending Group is committed to serving our Veterans during this time of uncertainty.
Veteran and their families can CONTINUE to count on great pricing and a smooth process.
We have STRONG funding sources with competitive rates for your VA Home Loan needs.
What is a VA IRRRL?
IRRRL stands for Interest Rate Reduction Refinancing Loan.
IRRRL purpose is to reduce your interest rate on your Primary Residence** with less documentation (streamlined) than a FULL Doc VA R/T Refinance.
Please note, a Net Tangible Benefit must be met in accordance with VA guidelines (.5% reduction from current note rate) to qualify as well as a seasoning requirement on the VA loan being refinanced (see below)
- At least 210 days after the date on which the first monthly payment was due on the mortgage being refinanced and
At least six full monthly payments have been made
Not required: Appraisal*, DTI calculation, and condo projects don’t need current approval.
What documents do you need to submit this loan? (email Stefanie | smprescher@valorlending.com | the following):
- Copy of DD 214
- Copy of Award Letter
- 2 Forms of Identification (Driver license, passport etc)
- Copy of the existing mortgage note and a current mortgage statement
- Copy of current Hazard Insurance
(additional documents to be requested)
* Exterior inspection may be required | case by case basis
** California Properties ONLY
Please feel free to give us a call to answer any questions on the VA IRRRL Loan and/or discuss your loan and get today’s current rates and pricing.
Be safe out there during this time and remember VALOR IS STILL serving YOU!
We are never too busy for your referrals
