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 Streamline Refinance in Shreveport, LA
VA IRRRL Information For Veterans
Are you a resident in Louisiana who currently has a VA home loan and are searching for more information about the VA IRRRL program? Welcome to our site - we built it for people just like you who are searching for more information about the VA IRRRL program. If you would prefer to speak with someone who is an expert in Louisiana VA IRRRL program, you can always call our toll free number and be connected with a loan officer who can answer any questions you may have.
VA IRRRL Refinance Program Highlights
- No income requirements
- You don't need to provide asset information
- The VA IRRRL program doesn't require an appraisal
Louisiana VA IRRRL: Qualification Criteria
There are some simple criteria that must be met in order to participate in the VA IRRRL program. The first rule is that the interest rate on your new loan has to be lower than the interest rate on your current VA loan. Second, you must pay less in principal and interest on your new loan compared to your old loan. Finally, you must have made the last 12 months mortgage payments on time in order to be eligible.
Call Now To Qualify For The VA IRRRL Program! 888-448-2669
Shreveport Louisiana - More Information
- Shreveport was once a major player in United States oil business and at one time could boast Standard Oil of Louisiana as a locally based company. The Louisiana branch was later absorbed by Standard Oil of New Jersey. In the 1980s, the oil and gas industry suffered a large economic downturn, and many companies cut back jobs or went out of business, including a large retail shopping mall, South Park Mall, which closed in the late 1990s and is now Summer Grove Baptist Church. Shreveport suffered severely from this recession, and many residents left the area.
Today the city has largely transitioned to a service economy. In particular, the area has seen a rapid growth in the gaming industry, hosting various riverboat gambling casinos, and was second only to New Orleans in Louisiana tourism before Hurricane Katrina. Nearby Bossier City is home to one of the three horse racetracks in the state, Harrah's Louisiana Downs. Casinos in Shreveport-Bossier include Sam's Town Casino, Eldorado Casino, Horseshoe Casino, Boomtown Casino, and Diamond Jacks Casino (formerly Isle of Capri). The Shreveport-Bossier Convention & Tourist Bureau is the official tourism information agency for the region. The bureau maintains a comprehensive database of restaurants, accommodations, attractions and events.
In May 2005, the Louisiana Boardwalk, a 550,000 square foot shopping and entertainment complex, opened across the Red River in Bossier City, featuring outlet shopping, several restaurants, a 14-screen movie theater, a bowling complex, and a Bass Pro Shops.
A new 350,000-square-foot convention center was recently completed in downtown Shreveport. It includes an 800-space parking garage. An adjoining 12-story Hilton Hotel opened in early June 2007. The city's direct construction and ownership of the Hilton Hotel has been a controversial issue as to the proper use of public funds. The site is managed by Hilton Hotels. The Shreveport Convention Center is managed by SMG.
Shreveport is also a major medical center of the region and state. The Louisiana State University Health Sciences Center Shreveport operates at expanded facilities once used by the former Confederate Memorial Medical Center. Major hospitals include Christus Schumpert, Willis Knighton, and Highland. There is also a Shriners Hospitals for Children.
As of November 2008, the recent excitement about the Haynesville Shale has been a boon to Shreveport and the surrounding areas. Many new jobs in the natural gas industry are expected to be created over the next few years and local residents are enjoying large bonuses for signing mineral rights leases up to $25,000 per acre. However, the recent economic turndown has resulted in a lower market price for natural gas and slower-than-expected drilling activity. The city itself stands to profit by leasing the mineral rights on public lands in the near future as neighboring municipalities have already done. - Bossier City is separated from Shreveport by the Red River. The population was 200,145 at the 2000 census, and the Shreveport-Bossier City Metropolitan Area population exceeds 375,000.
Shreveport was founded in 1836 by the Shreve Town Company, a corporation established to develop a town at the juncture of the newly navigable Red River and the Texas Trail, an overland route into the newly independent Republic of Texas and, prior to that time, into Mexico.
Shreveport is the commercial and cultural center of the Ark-La-Tex, the area where Arkansas, Louisiana, and Texas meet. Many people in the community refer to the two cities of Shreveport and Bossier City as "Shreveport-Bossier". - Shreveport is the third-largest city and the principal city of the third largest metropolitan area in the U.S. state of Louisiana, as well as being the 99th-largest city in the United States.
Shreveport Louisiana Important Links
- Shreveport Retrospective: history in photographs and postcards
- City of Shreveport
- National Weather Service Shreveport office
- Shreveport/Bossier Page
- The Times newspaper
Other cities in Louisiana
- Baton Rouge Louisiana IRRRL
- Bossier Louisiana IRRRL
- Kenner Louisiana IRRRL
- Lafayette Louisiana IRRRL
- Lake Charles Louisiana IRRRL
- Monroe Louisiana IRRRL
- New Orleans Louisiana IRRRL
- Shreveport Louisiana IRRRL
What people are saying about VA IRRRL
Problems with va irrrl loan http://t.co/iEQNEdld
7 February 2012 | 4:59 pm
Problems with va irrrl loan http://t.co/iEQNEdld
@VALoansdotcom :: When is a #borrower required to requalify & get appraisal for a VA refinance http://t.co/jnW1L2al #chicago #va #patch #IL
7 February 2012 | 1:41 pm
@VALoansdotcom :: When is a #borrower required to requalify & get appraisal for a VA refinance http://t.co/jnW1L2al
Do you know IRRL? VA Interest Rate Reduction Loans. No Appraisal, No Income or Asset requirements and no lender... http://t.co/MLhsbYdS
6 February 2012 | 7:11 am
Do you know IRRL? VA Interest Rate Reduction Loans. No Appraisal, No Income or Asset requirements and no lender... http://t.co/MLhsbYdS
Do you know IRRL? VA refinances with no appraisal and no income or assets. Review the facts and contact me. http://t.co/7zPCPjPN
6 February 2012 | 7:10 am
Do you know IRRL? VA refinances with no appraisal and no income or assets. Review the facts and contact me. http://t.co/7zPCPjPN
IRRRL Facts For Veterans - http://t.co/2z9vTDkb
5 February 2012 | 10:00 am
IRRRL Facts For Veterans - http://t.co/2z9vTDkb
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.