Who Qualifies?

• US Citizen

• Active or previously served on active duty in the Air Force, Army, Coast Guard, Navy, or Marines.

• Discharged or released from active duty under conditions other than dishonorable or

• Members of the Reserves and National Guard are eligible upon completion of 6 years of service;

• Surviving spouses of certain Veterans who were continuously rated for a service connected disability, but whose disability may not have been the cause of death are also eligible

Loans Details:

• NO DOWN PAYMENT REQUIRED ON PURCHASE TRANSACTIONS

• Cash Out up to 100% LTV

• DTI as high as 60%

• FICO from 560

• Loan Amounts up to $2MM

• No Mortgage Insurance

• Unlimited LTV/CLTV on IRRRLs

• Custom Loan Terms Available

VA IRRL (Refinance)

Zero Down Payment Required

Veterans Administration Interest Rate Reduction Refinancing (IRRRL) Loan Programs are designed to refinance an existing VA loan in order to reduce the interest rate and save you money over the length of the loan. The VA IRRRL is a quick refinance with fewer requirements than a VA Cash-Out Refinance and usually does not require another appraisal of the property.

Loan Details:

• FICO of 620 or higher

• LTV ranges from 95% – Unlimited (including rehab in applicable)

• Terms: 10,15, 20, 25, and 30 year fixed

• Transaction Types:
  ○ Rate and Term Only
  ○ No Cash Out Refinance

• Loan Amount: No High Balance or Jumbo Loans.

• Eligible properties:
  ○ 1-2 unit SFR or PUD
  ○ VA approved Condominiums
  ○ Manufactured homes (single and multi-wide)
  ○ 1-2 unit non owner occupied
  ■ Must certify that a veteran or spouse previously lived in property as their primary residence to utilize this IRRRL Refinance Option.