Veteran IRRRL Mortgage Loans:
The VA streamline refinance is the quickest, cheapest, and most beneficial type of refinance for veterans who currently have a VA home loan. The Veteran IRRRL Mortgage rates are still at historic lows. If you are interested in reducing your interest rate and monthly payment, it’s worthwhile to check current VA streamline rates.
The VA streamline is one of the only refinance programs available in 2019 that allow you to qualify without income or bank account verification. It’s also available to those with less than perfect credit. Furthermore, it is one of today’s quickest and easiest refinance options.
What Is the VA Streamline Loan and its Requirements?
The Veteran IRRRL Mortgage helps veterans lower their mortgage rate and payments. When rates are low like they are now, veterans can refinance into a new loan based on today’s rates, and often reduce their monthly payment quickly and easily.
This loan type, also called the Interest Rate Reduction Refinancing Loan (IRRRL) eliminates many of the roadblocks that hold up applicants on other types of refinances. The Veteran IRRRL Mortgage is much easier because:
- Appraisals are not required
- Bank Statements are not required
- Underwater homes are eligible
- Finally, closing costs can be included in the new loan.
- The required funding fee is lower than that of a VA purchase loan
Connecticut Veteran Mortgage Loan Limits
The loan limits listed are the maximum 2019, $0 down VA Loan amount set for each County in CT:
Fairfield County: VA Home Loan Limit: $601,450
Hartford County: VA Home Loan Limit: $484,350
Litchfield County: VA Home Loan Limit: $484,350
Middlesex County: VA Home Loan Limit: $484,350
New Haven County: VA Home Loan Limit: $484,350
Tolland County: VA Home Loan Limit: $484,350
Windham County: VA Home Loan Limit: $484,350
Call me for more information about VA Home Loans or the Veteran IRRRL Mortgage. The preapproval process is easy and we will work with you every step of the way.