VA Refinance Mortgage

The VA refinance program is a mortgage loan backed by the U.S. government. It’s available to all current and prior service military personnel or spouses of deceased military who have not remarried. A lot of veterans have heard about this loan program but many still don’t know all the benefits that come with it.

Interest rates with a VA loan are better than a typical mortgage loan. In fact, the VA loan is technically called an Interest Rate Reduction Loan (IRRL). The interest savings translate into thousands of dollars saved over the life of the loan. In addition, having a VA loan means that refinancing it is simple and fast. Credit qualifying is not required. So even if you have bad credit you can still qualify provided you haven’t had more than 1 30-day late payment in the past 12 months.

No Income or Credit Qualifying

The VA streamline is even better. Along with no credit qualification there is also no job verification, income verification, or appraisal needed. Because of the reduced documentation needs, a VA refinance can be done in only a few weeks. Here are some more benefits:

  • No out of pocket expenses.
  • No appraisal is required.
  • No credit checks.
  • No income verification.
  • No job verification.
  • Skip up to 2 payments.
  • Refund of escrow account.
  • Fast, convenient in-home closings.

VA Loan Rates Are At Historically Low Levels

It’s impossible to know which direction rates will go, but since VA mortgage rates have stayed historically low it’s hard to imagine they can go anywhere but up. Secure your mortgage future by taking advantage of these rates now. Once they go up again there’s no telling how long before we see rates this low again.

Getting Started

It’s easier than ever to get started. Simply fill out our 1-minute quote request form and start comparing rates today.

va home refinance

va home refinance
va home refinance
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