The VA IRRRL Program stands for the VA Interest Rate Reduction Refinance Loan Program. What this means is because you have a VA Loan in the state of Texas, you qualify for a lower interest rate. Added benefits are you will have no mortgage payment for 2 months as well as receive an escrow refund of up to $4,000!
- No Income or Asset Verification
- No Appraisal
- Close in the comfort of your home
- NO MONEY OUT OF POCKET
*Restrictions: You can’t have any open judgments, outstanding liens, and be currently in a BK. Regardless of the scenario, the mortgage must be reporting on your credit.