VA Streamline Refinance Lower your current VA Loan rate with a VA Streamline Refinance loan. This loan is also known as an Interest Rate Reduction Refinance Loan (IRRRL).
VA Cash-Out Refinance If you have equity in your home, you can use this type of loan to apply the cash for paying off your debts.
Conventional to VA Refinance If you’re an eligible veteran and you current loan is not a VA loan, you may be able to refinance using your va benefits.
This is the easiest and most popular VA Refinance program. With historically low rates, almost everyone can benefit from this Streamline Refinance loan.
Sometimes called a "Rate Reduction," "IRRRL," "Streamline" or a "VA to VA." This loan program is designed to reduce your mortgage payment, or to move you out of an Adjustable Rate Mortgage (ARM) and into a fixed rate.
There is no out-of-pocket expense for this type of refinance. Closing costs are minimal and can be financed into the new mortgage. Some of the benefits include:
If you equity in your home, you may be able to use your VA benefits to refinance and receive cash out up to 90% of your home's value. This money can be used to pay off debts, make home improvements, or it can be put towards other expenses. Some of the benefits include:
Only out-of-pocket costs are the appraisal and credit report
If you have a conventional loan, you can refinance using your VA benefits. This may lower your rate and eliminate the need for private mortgage insurance.
When a conventional loan is refinanced to a VA Loan you will be charged the VA funding fee, however it can be added to your loan. Some of the benefits include:
Only out-of-pocket costs are the appraisal and credit report
