Georgia VA Streamline Refinance: Georgia VA IRRRL Program

Georgia VA Streamline Refinance

The Georgia VA streamline refinance is designed for veterans who are currently in a VA loan to get the lowest fixed interest rates available in the easiest possible way. The VA streamline also has a “strange” other name it goes by – the VA IRRRL refinance program. The VA streamline program was designed to require as little documentation as possible and make it as easy as possible.

Georgia VA Streamline Refinance Program Highlights Include:

  • No need to provide bank statements, W2s, job verification or paycheck stubs
  • Possible to defer up to 1 mortgage payment after closing
  • Not allowed to get “cash out”
  • No appraisal required
  • Any costs associated with the VA streamline can be rolled into the loan

VA Streamline Refinance Information from VA.gov

“Veterans are strongly urged to contact several lenders. There may be big differences in the terms offered by the various lenders you contact. Some lenders may contact you suggesting that they are the only lender with authority to make IRRRLs. Remember – Any lender may make you an IRRRL.

Some lenders may say that VA requires certain closing costs to be charged and included in the loan. Remember – The only cost required by VA is a funding fee of one-half of one percent of the loan amount which may be paid in cash or included in the loan.

The occupancy requirement for an IRRRL is different from other VA loans. When you originally got your VA loan, you certified that you occupied or intended to occupy the home. For an IRRRL you need only certify that you previously occupied it.”

For Veterans who currently have a VA loan, finding out if the VA streamline refinance is right for you is easy. Contact your Georgia VA streamline experts now — 888.448.2669.

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