A VA IRRRL (Interest Rate Reduction Refinance Loan) provides a streamlined process for refinancing a VA loan to take advantage of lower interest rates or to reduce the repayment period. The VA IRRRL is designed to reduce the interest rate of an existing VA loan or convert an existing VA adjustable rate mortgage loan into a fixed rate mortgage loan.
A VA IRRRL has several benefits, which include, but are not limited to:
Property appraisal may not be required
New Certificate of Eligibility (COE) is not required
Funding fee is .5% (0% for disabled veterans)
A VA IRRRL cannot be used to refinance a non-VA mortgage. It must be a VA-to-VA refinance, and the IRRRL will reuse the entitlement you originally used.
Diane, Lindsey, and Josh were amazing throughout the entire process!! I was a first-time homebuyer and they made me feel at ease! Definitely recommend Diane!!
Kassie O
2023-11-07
Overall they went above and beyond to help me as much as possible and make sure I understood everything that was needed from me. Thank you all for the great help!
Jorge L Z
2023-11-02
Billy was super helpful and we appreciated his guidance.
Nicholas M S
2023-10-31
Jessica Olivares was exceptional throughout the entire
process. From day one to closing we were well informed and had all our
questions answered. What I thought was going to be a stressful process ended up
being the exact opposite. Thank you, Jessica, for your professionalism and
attention. We will be returning.
Christian J M
2023-10-31
Billy went above and beyond to help us close in a timely
manner and handle the challenges we faced in the loan process. He was
knowledgeable and super responsive the entire time. We really appreciated all
his help with our house, and my brother's house! Thanks Billy!
Jessica D S
2023-10-30
Billy Hampton was a wonderful person to work with! He was efficient in his work, and very timely and informative in his responses. Any time I had a question, he arranged a phone call to fully explain everything to me. I will highly recommend him and InterLinc to anybody looking to buy a house!
Micah O
2023-10-25
Absolutely LOVE my team! Everything was smooth sailing and Jae and Lindsey were on top of everything! Being on the customer side of things and out of the loan officer seat was definitely an experience and super easy!!
Hailey E
2023-10-18
Billy Hampton really helped me out in buying my first home and will only use him in the future outstanding guy with your best interest in mind.
Justin T
2023-10-17
Billy was great to work with. Look forward to working with him again.
William G
2023-10-17
Billy was amazing. He was available every step of the way, easy to work with, and very kind.