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.
Shannon and his team were so very helpful when closing our loan! My husband only speaks Spanish and they were able to translate for us during the whole process. A special thanks to Lorena who went above and beyond for us! Highly recommend!!
One of the absolute best experiences of buying a house ever. When another company said it wasn’t possible, Jackie and her team went above and beyond to make sure we got our home!! Deal with her made it an enjoyable experience. I would like to thank Jackie for making this happen!!
In this ever transforming mortgage industry of changing regulations, most consumers need guidance and assistance to ensure the home buying process runs smoothly. Scott Senner was such an asset to us, starting with our first request to determine what we could afford, all the way through closing. Without his attention to every last detail, we might not be comfortably enjoying our new home right now. We have every intention of using Scott again in the future, if and when, we ever decide to re-finance or buy another home.
I couldn’t have asked for anything more from Eric and his team. They were quick to answer calls, emails, and text messages and answered my questions thoroughly. Eric provided me with four detailed mortgage options which enabled my husband and I to make an educated decision in purchasing a home for our son to reside in while attending OSU. (Go Pokes!!) I reached out to Eric after receiving the run around by bank lenders. Eric was highly recommended by a family member that had previously used his services, and now we highly recommend him to you! Thank you for everything, Eric. Because of you my husband and I can rest easy knowing that we spent our money wisely.
Shelby Weston and his team with InterLinc Mortgage are amazing. I've had the pleasure of working with them both professionally and personally and have been more than satisfied. They have helped us successfully close hundreds of loans from the professional side, I used them for my personal home purchase, I have referred them for several friends and family members who have also been extremely happy with the service they received. They keep you up-to-date in the loop during the entire transaction, they are always available for questions no matter the day or time. I would never use another lender if given the choice.
Todd was so helpful! He was happy to answer any questions and gave great advice. He really looked out for me. I would recommend working with him to anyone.
Everything went very smoothly. Everything went very efficiently. David demonstrated from the very beginning that he was glad to have me as a customer and made me feel as if i was his only customer.
Ask anyone who has bought a house in their life about how big of a nightmare working with a lender can be. With INTERLINC, this was NOT the case. Wes' team was amazing. The communication was great. Not once did I question where I stood on my loan or what point of the process I was in. I had a substantial amount of questions as this was my first time using a VA loan and did not understand the process. There was never a question that they couldn't answer immediately. This team is exceptionally knowledgeable and customer-oriented and I always had the feeling that was being taken care of. I highly recommend Kleckley Mortgage to anybody and everybody looking to obtain a home loan. Don't waste your time nor your sanity dealing with any other company.
Jerry was an excellent lender to work with on the purchase of our first home! He was always professional and very informative with his emailed videos explaining every step of the process. He was also easy to get in touch with. He made our loan process as easy and smooth as possible all the way to closing. It has been a pleasure working with him. I would absolutely recommend this lender to anyone buying a home!
Jerry and his team were phenomenal to work with. He spent ample time answering every question and responds so quickly! Hands down, he is the best in town!