Posted on 02/27/2017 9:20:18 AM PST by klimeckg
Hi,
I am looking for any advise and reviews on the VA IRRRL Programs. I had a VA Loan through USAA but they sold it to a Subservicer who sold it to a Subservicers. Here we go again with banks doing what they do and I want to be on top of this and not be a victim. Is the IRRRL legit?
Comments are appreciated.
Hello, I am a loan officer and do VA loans all the time.
The IRRL is a legitimate VA loan program. It’s main purpose is to refinance to get a lower rate than you might currently have.
IRRL stands for Interest rate Reduction Loan.
Just refinanced with IRRRL. Worked fine.
It is legitimate.
I just did a cash out refi at 3.25%...and no funding fee. I have a VA disability.
It works great. If you go thru Navy Federal they won’t sell the loan.
I used Freedom Mortgage. No fees and they will agree not to restart the life of the loan. Used it twice.
Thank you this is very helpful.
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