You’ve been of service to us; let us make sure your money’s serving you.
Community Access Lending is proud to support this country’s veterans, which is why we make it our duty to ensure your money is working as hard as it can for you. A VA Streamline, also known as a VA IRRRL (Interest Rate Reduction Refinance Loan), can provide immediate financial benefits to veterans with current VA loans.
These benefits can include:
A lower interest rate
Refinancing a VA loan is quick and easy with a VA Streamline Refinance, resulting in a lower rate for you and your family.
Unlike traditional refinances, an IRRRL usually doesn't require a new appraisal of the home. This means you can refinance regardless of your home's current market value, which is particularly helpful if property values have decreased.Lowering your monthly payment gives you some breathing room by taking the pressure off your budget, which is working hard enough.We know how daunting unpredictability can be. Switching from an adjustable-rate mortgage to a fixed rate can provide the stability and peace of mind you need to
focus on what’s really important.A VA Streamline can allow you to convert some of your home’s equity into cash, which can be used for anything you need or want.
With the VA IRRRL, you may have the option to skip up to two months of mortgage payments, providing immediate financial relief.
When refinancing with a VA IRRRL, you may receive a refund of the balance in your current escrow account after closing. Since a new escrow account is established with your refinance, the funds from the previous account, which cover property taxes and insurance, are refunded directly to you.
The VA Streamline loan program is extremely popular because it’s easy to use and most Veterans benefit from it since rates have been coming back down.
If you already have a VA mortgage on your home, the IRRRL program makes refinancing to a lower rate relatively quick and painless.
We have 25+ years of originating and processing VA IRRRL Loans, and would love to serve you.
