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.
It was a pleasure to work with Cathy and her team at InterLinc. She and they provide the highest level of customer service.
Elizabeth G.
2020-04-20
Very helpful!! I had trouble with some documentation and Eric and Gina and Brian made it their personal business to help me and make sure that it got taken care of!!!
Scott G.
David was fantastic all around. He was very flexible with his time in and out of work, which was very appreciated. David took his time to explain everything to me precisely and never seemed annoyed by my calls or messages.
Jenny S.
2017-02-20
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!!
Matthew Y.
2019-03-13
InterLinc made our purchase of a new home not only an easy process but painless as well. The entire staff was there to support us each step of the way. I think the thing I liked best was that even though they do this day after day they understood that this is not something the rest of us do very often. I even had one of the staff member ensure me that she had my back. What a nice feeling.
Dale S.
Nancy has helped us purchase two homes over the past five years. She knows her stuff and immediately feels like an old friend when you speak with her. We are so thankful for her guidance throughout the process and highly recommend her and Emily to anyone looking to purchase a home! They made the not so fun process painless and will go over and above expectations to get the job done!
Kaley I.
2020-06-10
My wife and I have bought and sold 5 houses in the past and we've never had as professional, timely experience as we've had with Jerry Smith. He made the entire process so smooth and seamless. His educational videos kept us aware of what was happening with our loan through the entire approval process. This was by far the best lending process we've ever experienced. I recommend anyone who is looking to finance a home to use Jerry. You won't beat his personal touch, professionalism, or dedication to your overall experience with anyone else. We even closed ahead of schedule which is unheard of. Thanks again to Jerry for all you did to make this so enjoyable for my wife and I!
James T.
2019-08-28
InterLinc made our purchase of a new home not only an easy process but painless as well. The entire staff was there to support us each step of the way.
The entire staff were amazing! They kept me in the loop and worked hard to get me the best competitive rate! I am a customer for life.
Nathaniel J.
2020-04-24
Rebecca is a woman of integrity with a servant's heart for helping others.