Helping Our Nations Veterans

No Appraisal Required: Streamline your refinancing without the hassle and expense of a home appraisal.
No Credit Check: Refinance your mortgage without a credit review. Your current VA loan performance is what matters.
No Income Verification: Forget about the paperwork. The VA IRRRL doesn't require you to verify your income.
Lower Interest Rates with Minimal Fees: Achieve a lower interest rate to reduce your monthly payments, with reduced closing costs.
Seasoning Requirements: The new loan cannot close until 210 days have passed from the date of the first payment on the current VA mortgage.
Tangible Benefit: When refinancing from a fixed rate to a fixed rate the interest rate decrease must be at least 1/2 of a percent.

Navigating the Application Process

Initial Consultation: Start by having a conversation with us to run some numbers and talk about whether or not refinancing makes financial sense. See our Services page to learn more about our refinancing process. We’ll do the math and set you up with all the information you need to make a decision. Click on the following link to schedule a time to speak with us - Book Appointment

Formal Application: Submit a formal loan application. We will guide you through the process and inform you of any additional scenario-specific requirements. You can click here to Apply Online Now.
Documentation Required:
- Recent Mortgage Statement: We’ll need a copy of your most recent mortgage statement.
- Home Insurance Declarations: You can provide this, or we can get a copy from your home insurance agent.
- VA Certificate of Eligibility: With your permission we’ll pull a fresh copy of your certificate of eligibility from our VA portal access.

Loan Setup: After you decide to move forward, we’ll begin the loan setup phase. This is where we structure your loan, shop lenders for you, and review all of your documentation one more time to make sure you’re set up for success. We’ll focus heavily on loan terms, costs, payments, and total cash due at closing, so you get a clear picture of what lies ahead.
Loan Disclosures: Your official loan application and associated disclosures will be generated and sent for you to sign electronically. We’ll guide you through signing these, and once they are completed, we’ll get your file ready for underwriting.
Manual Underwriting: VA Interest Rate Reduction Refinance Loans are manually underwritten, so the first step in the loan approval process is submitting your application to an underwriter. With a VA IRRRL the process is streamlined and straightforward with minimal requirements for you to fulfill.
Appraisal: An appraisal is not necessary

Loan Approval: Once all of your underwriting conditions are cleared, you’ll receive full loan approval. That means you’re almost out of the woods.
Clear to Close: After loan approval we’ll work to do just a few more things in order to get the final ok from the lender that we are completely in the clear to draw documents. These are the magic words, clear to close, that we always want to hear in the mortgage industry. This means the only step left is to draw up the final paperwork for you to sign.
Closing: At closing, you'll sign all necessary paperwork, finalize the loan, and receive your lower rate and payment.

References