IRRRL Facts for Veterans
IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a “Streamline” or a “VA to VA.” Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from...
Read more »
Posts Tagged ‘ Veterans Administration ’
buy
buyer
buying
buying a home
closing
coverage
credit score
FEMA
FHA
financing
flooding
flood insurance
for sale
Freddie Mac
home
homeowners
homeowners insurance
homes
house
houses
housing
HUD
Insurance
interest rates
loan
Loans
low down payment
mortgage
Mortgages
new
new construction
PA
Pennsylvania
points
purchase
re-fi
Real Estate
Realtors
sales
sell
selling
statistics
title insurance
VA
Veterans Administration
Re-finance A VA Loan
VA Mortgage: Pre-Loan Frequently Asked Questions
General questions about VA loans that may arise BEFORE you get one
Q: What is a VA Guaranteed Home Loan?
A: VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The...
Read more »
Am I Eligible For A VA Loan?
Veterans Mortgage
General Rules for Eligibility
Military Service Requirements for VA Loan Eligibility:
Note: Applications involving other than honorable discharges will usually require further development by VA. This is necessary to determine if the service was under other than dishonorable conditions.
Wartime – Service During:
* WWII: 9/16/1940 to 7/25/1947
...
Read more »