IRRRL

Alex - An IRRRL is a VA interest rate reduction loan like a streamline is to FHA, John - with your credit score of 780 and the fact that you would be at 84% LTV a conforming loan would be better, you would have to do a conventional loan. besides you cant combine the two loans on an IRRRL only refi the current VA loan. Dont forget with all VA loans you have to pay the funding fees unless you have a VA disablilty waiver.

What is IRRRL? Alex- 213-739-4332

My thoughts are, that you could benefit on a Streamline Refinance on the Interest Rate Reduction Refinancing loan program. You may be eligible for the Streamline and not have an appraisal. You are set to go. We need to show benefit on the loan. You can email me at rconstantine@myhsoa.com or call me at 714-299-5807. I lend in all States. Hope this helps. RC

Short answer..you are very qualified..best is to have a loan comparison to see which product best fits your needs...feel free to contact me at 877-369-4319.

IRRRL's are VA Streamline refinances. Most lenders require an appraisal now, but we do not. Therefore, LTV is not an issue. The VA rates are lower than Conventional and if you have any type of VA disability, you will not have to pay the VA Funding FEE either. I am available to review your situation with you and there is no obligation on your part. I can be reached at 866-901-3576. I can fund VA loans in 47 states. Patrick McCarthy, Northpointe Bank, 866-901-3576

You cannot do a IRRL if you want to combine the 1st and 2nd. If the county puts your home at 167k, there is a good chance it could come in more valuable because they are rarely accurate. That being said, it could come in lower too so you never know. The bottom line is that you are looking to combine your 1st and 2nd, you may be able to go either conventional OR FHA. I would start FHA (and order an FHA Appraisal) and if the value is there switch to conventional. NOTE: If you order a conventional appraisal and you need to go FHA, you will have to order an additional appraisal but not vice versa. I have a bunch of helpful stuff on my site if you're interested: www.biltmorebranch.com. Good luck. Reach out if I can help in anyway.