USA Home Loans offers a quick and competitive VA Loan Refinance.  The Department of Veteran Affairs calls this an (IRRRL) Interest Rate Reduction Refinance Loan. The IRRRL is designed to lower your interest rate by refinancing your existing VA home loan. This program is designed for those who already have a VA Home Loan and may lower your mortgage payment every month depending on your current rate.*

*When refinancing, your total finance charges may be higher over the life of the loan.

***We can now offer a VA IRRRL on Non Owner occupied properties. Some restrictions may apply. Please contact us today for more information.

VA IRRRL Facts

• No appraisal, income or asset information required when applying for an IRRRL.
• An IRRL requires “no money out of pocket” ask about our no closing cost option, new loan amount will be your payoff from your current loan.
• Convert your existing VA ARM while rates are still low and lock into a fixed loan today.
• You may receive up to $500.00 at closing from the loan proceeds.

Convert your Adjustable Rate to a Fixed Loan

It is also possible to refinance from a VA adjustable rate mortgage (ARM) into a VA fixed rate mortgage. This is very ideal for those that had obtained original financing through an ARM loan only to find themselves with a larger payment as the adjustable rate increased beyond their capacity. If you are in a situation like this, please let us help you today.