- 2018 Posts

  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

+ 2017 Posts

+ 2016 Posts

+ 2015 Posts

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