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  1. A Personalized Approach
  2. Credit Confusion
  3. Building Your Dream Home
  4. Tax Time in Wisconsin
  5. Don’t Let Intimidation Get in the Way of Home Ownership
  6. Setting Financial Goals for the New Year
  7. Buying a home after bankruptcy

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Streamline FHA and IRRRL VA loans

August 17, 2016

We are waiving our underwriting fee on applications taken by September 1 for both the Streamline FHA and IRRRL VA Loans! Here's why these are such great loan products!

 

  • No appraisal is needed.
  • No income verification - we only verify that you are currently employed.
  • Rates have dropped!
  • Skip 1 months mortgage payment!

 

What is an IRRRL VA Loan?

The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan. An IRRRL can only be made to refinance a property on which you have already used your VA loan eligibility. It will reuse the entitlement you originally used. A Certificate of Eligibility (COE) is not required. No appraisal or credit underwriting package is required when applying for an IRRRL.

 

What is an FHA Streamline Refinance?

The FHA Streamline Refinance is for homeowners with an existing FHA mortgage and does not require a home appraisal. An FHA loan will allow you to use your original purchase price as your home's current value, regardless of what your home is actually worth today! In other words, for an FHA loan, it doesnt matter if you owe more on your existing mortgage than your current home value. FHA Streamline Refinances are the fastest, easiest way to refinance for a lower interest rate!

 

Give us a call today for more information on these two easy to refi home mortgages!

 

 

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
rmeyer@gogsf.com
NMLS #222688 & 1018