IRRRL Information
The VA streamline program is also known as the VA IRRRL program - which stands for Interest Rate Reduction Refinancing Loan. Learn more about the VA streamline and other VA loan options from the nation's #1 VA purchase lender, VA Mortgage Center.com now!
Interested in a Loan Modification for your VA loan? Learn more about VA loan modification and what it takes to get help.
VA IRRRL Loans in Kentucky
VA IRRRL - AKA - VA Streamline
Do you currently have a VA loan in Kentucky and are searching for more information about the VA IRRRL program? You have found the right place for more information about the VA IRRRL program. Here, we have organized a number of different articles and information about the VA IRRRL program designed to provide the most up to date information about the program. Should you still have questions, you can call our toll-free number to be connected to a loan officer who specializes in helping people with their VA IRRRL loan program needs.
VA IRRRL Refinance Program Overview
- No income requirements
- No appraisal
- No asset documentation required
Kentucky VA IRRRL Refinance: Qualification Criteria
There are some simple criteria that must be met in order to participate in the VA IRRRL program. First, the interest rate on your new loan must be lower than the interest rate on your old loan. Second, the amount of principal and interest on your new loan must be lower than the amount of principal and interest of your old loan. Finally, you can't have any late payments on your mortgage over the last 12 month period.
Call Now To Qualify For The VA IRRRL Program! 888-448-2669
Other cities in Kentucky
VA Streamline Benefits
$0 Down
VA loans allow you to finance 100% of the home's value and purchase with $0 down. FHA programs require 3.5% down and other programs require as much as 20% down.
Lower Monthly Payments
VA loans don't require mortgage insurance which saves you money each month. You will also get generally lower rates with a VA Loan.
Easier to Qualify
As many as 80% of veterans and active-duty military members could not have qualified for a conventional loan.
Fixed Rates
Most Veterans choose going with a 30 year fixed rate so they know that their rate won't adjust to the point where they can no longer afford their home.