Refinancing from one VA loan to another VA loan is referred to as an IRRRL which stands for a VA Interest Rate Reduction Refinance Loan and it is one of the easiest loans out there.
Refinance My VA Loan
Typically, there is extremely minimal credit or income qualifications for this type of loan and in most cases, there isn’t a need for a new appraisal. As a result of all of this, the closing costs for this type of loan are significantly reduced as well. Please also remember that we always waive our processing, underwriting and application fees for all of our VA loans – just our way of saying thank you for all that you do!