Who can an IRRL loan be made to?

Generally, the party(ies) obligated on the original loan must be the same on the new loan (and the veteran must still own the property).

What are the benefits of the Rate Reduction Program?

Lower interest rate, lower payment and pay less interest.

Appraisal of your home is NOT required.  

No bank statements, job verifivation or pay stubs are needed as the conventional underwriting process does NOT apply. No minimum FICO (credit) score.

You can "SKIP" 2 months of mortgage payments.

Energy efficiency improvements to your home can be rolled into the loan amount.

If I have an adjustable rate can I switch to a fixed rate?

Absolutely. Under the Rate Reduction Program you can take advantage of a fixed rate with a low payment.

How much paperwork is involved in the process?

The process is very streamlined and since there is no appraisal, no credit underwriting, no asset verification and no income verification, the process involves very little paperwork.

How long does it take to complete the Rate Reduction?

The process can take as little as 10 days or up to 30 days. Most Rate Reductions are completed within two weeks. Again, since there is very little paperwork involved the process moves along very quickly.

Is there a minimum loan amount?

How do I get started?

You can either call us at  toll free direct or you can fill out the contact form below and one of our specialists will get back in touch with you within 24 hours.