Are you interested in taking advantage of today's low VA interest rates; however you are concerned about the appraised value in your property? We offer VA IRRRL AKA Streamline loans nationwide.

In most cases we have the capacity to refinance you VA loan with limited information, and no appraisal, if you have a middle score of 640.

The VA IRRRL is a mortgage refinance program that helps US Veterans who currently have a VA loan get a lower their monthly mortgage payment. IRRRL stands for "Interest Rate Reduction Refinance Loan" and is sometimes referred to as the VA streamline refinance program or VA IRRL. A streamline loan requires limited documentation, does not require an appraisal if the borrower has a middle credit score of at least 640 and closing costs can be rolled into the cost of the loan so there no out of pocket charges to you. Not only are these loans time saving, but they are also cost effective for the borrower, since they do not have to pay for an appraisal, and the lender offers compensation towards closing costs.

Below are some bullet points regarding a VA IRRL loan:

oAllows the borrower to go from a fixed to an adjustable rate.
oIf going from a fixed rate to a fixed rate, the VA IRRRL refinance requires that your new interest rate be lower than the old one.
oTo be eligible for the VA IRRRL refinance program, you must be current on your current VA loan and can't have more than one 30-day late payment in the last 12 months.
oNo cash out is allowed at closing.

If you are interested in learning more and or applying for a VA IRRL, we are available 7 days a week at 800 315 8803 or you can apply at www.bartprequalifies.com