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48 Meriden Rd, Suite 1, Middlefield, CT 06455
844.788.7237
info@northeast-mortgage.com

Veteran IRRRL Mortgage Program in Connecticut

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
donna@northeast-mortgage.com

 

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General Disclosure

When discussing programs that allow for 3.5% down, 0% down, or a percentage down – the borrower is not required to only put that exact percentage down. FHA, USDA, VA, CHFA, Jumbo, and Conventional Mortgages allow borrowers to put down more of a percentage if they desire to. The percentages mentioned in the information provided is the minimum down payment that these programs require. Each one of these programs have specific credit score, debt-to-income ratio, and payment history requirements to qualify for the minimum down payment.

Disclaimer

Northeast Financial is presently in the process of applying for their Mortgage Broker’s license in the state of New York.  Website authorization by the New York State Department of Financial Services is pending.  Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. If you are a New York Resident – please do not submit any information through our website.

 

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