VA IRRRL Streamline Refinance

Are you a veteran or active-duty service member looking to lower your mortgage payments? The VA Interest Rate Reduction Refinance Loan (IRRRL), also known as the VA Streamline Refinance, is designed specifically for you. This program offers a simple and efficient way to refinance your existing VA loan to secure a lower interest rate or switch to a more stable loan term.

Why Choose a VA IRRRL?

• Lower Monthly Payments: Refinance your current VA loan at a lower interest rate, which can reduce your monthly mortgage payments.
• No Appraisal or Income Verification Required: The VA Streamline Refinance is designed to be hassle-free, eliminating the need for a new appraisal or income verification.
• No Out-of-Pocket Costs: Most closing costs can be rolled into the new loan, meaning you could refinance with little to no out-of-pocket money.
• Flexible Terms: Whether you want to reduce your loan term or lock in a fixed rate, the VA IRRRL offers options that can be tailored to your financial goals.

Eligibility Requirements

To qualify for a VA IRRRL, you must:

• Have an existing VA loan.
• You must be current on your mortgage payments, with no more than one 30-day late payment in the last 12 months.
• Demonstrate that the refinance will result in a lower interest rate unless you are refinancing from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage.

How the VA IRRRL Process Works

1. Initial Consultation: Our team at Affinity Group Mortgage will discuss your current VA loan and financial goals to determine if a VA IRRRL is the right option for you.
2. Documentation and Application: We’ll gather the necessary documents and submit your application for the refinance.
3. Approval and Closing: Once approved, we’ll guide you through the closing process, ensuring a smooth and efficient experience.

Why Work with Affinity Group Mortgage?

At Affinity Group Mortgage, we are committed to serving those who have served our country. Our team of mortgage experts specializes in VA loans and understands the unique needs of veterans and active-duty service members. We’re here to simplify the refinancing process and help you achieve your financial goals.

Ready to Get Started?

Take advantage of the VA IRRRL Streamline Refinance’s benefits. Contact us today to learn more or to schedule your free consultation.

Ready to get started?