VA IRRLA Refinance

Ann Marie Amalfitano of Sovereign Mortgage is a leading provider of mortgages in Port Orange, Ormond Beach, New Smyrna Beach and the whole state of Florida. For more information call (386)717-2007.

What is a VA IRRLA refinance?

A VA IRRLA is an interest rate reduction loan for anyone with a current VA loan who is looking to refinance for a lower interest rate.

What are the benefits of a VA IRRLA refinance compared to a traditional VA refinance?

• There is no appraisal needed for a VA IRRLA no matter if your home value is below the current loan that you need to refinance.

• With a VA IRRLA loan, there is no income requirement at all.

What is the financial advantage of refinancing with a VA IRRLA loan verses a traditional refinance?

• Save money by not needing an appraisal

• No underwriting fee with this loan so lower closing costs

How long does the process for a VA IRRLA refinance take?

Since there is no income required for this loan and NO appraisal needed, we are clear to close this loan in 15 days!