can i get va irrrl with cal vet loan?

CAL VET is only for purchases the program does not allow a streamline IRRRL. In order to refinance you would need to do a full doc refinance. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been in the mortgage business since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Bart Gabe - Lending Nationwide Since 1987www.bartprequalifies.combart@bartprequalifies.com 800 315 8803NMLS 20743

Great question. I don't much about them and their website doesn't really provide any answers, so I think it is probably best to call them directly at 800-952-LOAN.

CalVet RefinancingCalVet was designed as a purchase-only program for Veterans looking to buy real estate in California. This is a great way to buy your home due to competitive interest rates and an all-inclusive insurance program through CalVet. But if you are looking to use CalVet for refinancing, you may be disappointed to know the program is restricted from helping you.State and Federal laws in place prevent the Department of Veterans Affairs from "acquiring a home in which the Veteran has an interest of record". Rare exceptions are made in the cases of construction loans or mobile homes on land, whereby the Veteran may already own the land or have a land contract and looks to build upon the land using CalVet financing.So you may not refinance your existing home to a CalVet loan. But what about refinancing your existing CalVet home and lowering the interest rate? CalVet is prevented from doing that as well because the interest rate you received through the CalVet program is tied directly to the tax-exempt bond used as the funding source for your home.While these limitations may seem especially extreme during a period of time when you most need help lowering your payment, CalVet has historically offered below-market interest rates to keep your payments as low as possible from the moment your purchase your home.

You could possibly get a regular VA refinance loan if you have 10% equity in the home, or can find a lender that will do 100% on what VA defines as a "cash out" refinance. You'd have to go through the full approval process.