Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Tag Archives: VA IRRRL

Beware of VA IRRRL Scams

Beware of VA IRRRL Scams

We get plenty of reader comments and questions, but lately we've noticed a trend in the comments about a possible scam targeting people with VA mortgages. There's been an increase in questions asking about third-parties who contact home owners about...

Can a Borrower Rent Out a Home Purchased with a VA Loan?

Can a Borrower Rent Out a Home Purchased with a VA Loan?

There are many reasons why a borrower who owns a home purchased with a VA insured mortgage would consider renting out his or her property. Active duty military members who are being reassigned to a new base, for example, might...

VA IRRRL Facts

VA IRRRL Facts

Borrowers who apply for VA home loans are eligible to apply for a VA Interest Rate Reduction Refinancing Loan or IRRRL after they have made a minimum of six mortgage payments and meet other "seasoning" or minimum waiting period requirements...

VA Streamline Refinancing Rules: A Reader Question

VA Streamline Refinancing Rules: A Reader Question

A reader asks, “What is required to refinance a VA IRRRL if the veteran is self employed but your spouse (non veteran) is employed?” This is an interesting question. VA Interest Rate Reduction Refinancing Loans, also known as VA IRRRLs,...

VA Loan Options For Reducing Monthly Mortgage Payments

VA Loan Options For Reducing Monthly Mortgage Payments

If you’re looking for options to reduce the amount of your VA home loan mortgage payments, there are several ways to approach the issue depending on whether or not you have already taken out the loan or not. For example,...

VA Streamline Refinance Rules: Mortgage Payment Decreases

VA Streamline Refinance Rules: Mortgage Payment Decreases

The VA Streamline Refinance loan, also known as a VA Interest Rate Reduction Refinance Loan or IRRRL, is an important benefit for those who have existing VA mortgages. This refinance option has no VA-required credit check or VA required appraisal,...

VA Loan Refinancing Rules: A Reader Question

VA Loan Refinancing Rules: A Reader Question

We get many reader questions about VA loans, but not all of them come via our comments section--some come from our VA Loans Facebook page. Here's one of those recent questions:

A reader asks, "Can a non-spouse ever be a co-signer...

VA Loan Reader Question: Refinancing a VA Loan

VA Loan Reader Question: Refinancing a VA Loan

We get plenty of questions about the VA loan process, including what borrowers should do when it comes time to refinance a home loan. One reader asked, "How do I start the process? Should I approach my current lender or...

VA Interest Rate Reduction Refinancing Loans: Who Can Get Them?

VA Interest Rate Reduction Refinancing Loans: Who Can Get Them?

For those with VA home loans considering a refinancing loan in the new year, there are several options available from the Department of Veterans Affairs. There are cash-out refinancing loans and Interest Rate Reduction Refinancing loan (IRRRL) options. In many cases...

VA Loan Interest Rate Reduction Refinancing Rules

VA Loan Interest Rate Reduction Refinancing Rules

When a borrower applies for a VA home loan, he or she might not be anticipating a major life change such as a divorce, getting remarried, or getting married for the first time. Over the lifetime of a VA insured mortgage...