Refinancing Options

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    The VA Home Loan program provides qualified veterans and select spouses with a route to homeownership that doesn’t require down payments today. But even more amazing, military homeowners can get cash-back on a VA refinance, using that money for a variety of needs like home improvements and investments. To get started, call us today at: 866-221-8707.

    There are two main programs afforded to you today that helps you refinance to a lower rate: The VA Streamline (IRRRL) Refinance, also known as the Interest Rate Reduction Refinance Loan (IRRRL), plus the VA Cash-Out Refinance.

    The VA Streamline Refinance (IRRRL)

    This is an excellent option for existing VA Loan holders interested in obtaining significant savings while taking advantage of lower-than-normal interest rates. This streamline option requires little paperwork, as well as no out-of-pocket costs. Typically the IRRRL / VA Streamline never needs an appraisal.

    Cash-Out Refinance

    Another refinance option, perfect for those with a VA or conventional loan wanting to take advance of their home’s equity. In exchange, they can then access cash for home improvements, debt payments, and other types of requirements. The VA Cash-Out loan allows veterans to borrow up to 100% of their homes value. As our country works to rebuild itself following the market collapse of close to 10-years ago, now is the perfect time to consider the superior benefits of a VA Loan.

    Refinance Eligibility

    Your eligibility for a VA Refinance is similar to the process of purchasing a VA Loan. You can quality if you’ve served:

    1. 90-consecutive days or active service during wartime
    2. 181-days of active service during peacetime
    3. 6-years or more of service in the National Guard or Reserves

    If there is a spousal relation to a service member who died in the line of duty (or as a result of a service-induced disability), that spouse can also be eligible. In order to receive a VA Streamline Refinance option, you need to already hold a VA Loan. If you are approved for a VA Loan, that’s not the end of the process. Learn more about what you can do in our next section.

    Get approved for your VA loan now

    1Apply in minutes*
    2Talk to a loan officer
    3Close in as little as 14 days
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