VA IRRRL: VA Interest Rate Reduction Refinance Loan
You can only take advantage of this program if your current home loan is a VA Loan. Depending on current market conditions and interest rates, it can help you get a lower interest rate to lower your monthly payments, or shorten your term to pay off your loan sooner.
No income documents or appraisal are required.
Proof of employment may not be needed.
Low fees may be included in the loan.
VA Cash Out Refinancing
VA Cash-Out Refinancing can be used to refinance any type of loan program as long as there’s still outstanding principal on the property. Just like a standard Cash-Out Refinancing program, it lets you turn a portion of your home’s equity into cash you can use however you want.
Consolidate debt to pay off or pay down high interest credit cards or other loans.
Repair, renovate, or remodel your home or yard.
Afford major purchases like new appliances or a vehicle.
Purchase a second home or investment property.
Cover tuition and other education expenses without relying on high interest loans.
Pay for a wedding or other big life event.
Take a dream vacation.
Pay for unplanned or unexpected expenses.
Ready to put your VA benefits to work for you? Contact a NOVA Loan Officer to get started.
The Program information shown is for informational/educational purposes only and does not represent a commitment to lend or extend credit. Other terms and conditions may apply. Contact your Loan Officer for more details.
