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VA (Interest Rate Reduction Refinance Loan, IRRRL)

VA Loan Refinancing

With a VA loan, you are not outside of the realm of being able to refinance to see if you can get a better rate, or even to cash-out on equity. For eligible VA loan borrowers, there may be specific options just for you to be able to refinance your loans:

VA IRRRL

(Veterans Affairs Interest Rate Reduction Refinancing Loan)

Veterans, Retirees and Active Duty Personnel can refinance an existing VA guaranteed loan to reduce the interest rate or switch an adjustable rate to a fixed rate through the VA Interest Rate Reduction Refinancing Loan (IRRRL). No appraisal or credit underwriting is required unless upon request. IRRRL only requires applicants to certify previous ownership of the home under the loan’s coverage and may be done with no money out-of-pocket by including all costs in the new loan.

VA CASH-OUT

This VA refinance option helps eligible military borrowers refinance their home loan to get cash out from built-up equity. Our program also offers the ability for up to a 100% cash out option*.

*For qualified borrowers.

 

HOUSING GRANTS FOR SERVICE-RELATED DISABILITIES

Those eligible for an adapted housing grant through Veterans Affairs can get help with a service-connected disability purchase, build an adapted home or adapt an existing home to support their disability.

Loan Requirements
Min. Credit score:
580
Min. Down Payment:
0%
Loan Features
  • Qualified veterans and service personnel
  • Adapted housing grants

Disclaimer: This is not an approval or a commitment to lend. This information is provided in an effort to better inform you about the loan products we offer at Oz Lending. Rates, terms and conditions are subject to change without notice.

Ready for the next step

Let’s Talk.

Whether it’s refinancing, buying a new home, building a home, or applying for home equity loans or second mortgages; we have an experienced, around the clock, qualified team of accessible “Wizards” who are with you every step of the homeownership process.

2805 Dallas Pkwy,
Suite 150
Plano, TX 75093
NMLS ID 1124061

© 2022 – All rights reserved | Oz Lending is a DBA of AmCap Mortgage, Ltd. (NMLS ID# 129122 – www.nmlsconsumeraccess.org), an Equal Housing Lender.

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