Veteran IRRRL Mortgage Program in Connecticut

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.

 

 

Donna Vanderpoel
Mortgage Loan Originator #1712575
Northeast Financial #117273
210 South Main St. Middletown, CT
203-988-6975 Cell
860-788-7237 Office
[email protected]

 

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