The VA IRRRL program in Jefferson County CO is a refinance opportunity which can be used to lower your rate and payment for your Jefferson County Colorado IRRRL VA Loan. In many cases, we can help you with no closing costs!
The Jefferson County Colorado VA IRRRL allows you to obtain a lower rate and payment on your existing Jefferson County CO VA Loan. The VA IRRRL refinance is also called a a streamline refinance, because the process is fast and easy.
First, you must determine your eligibility by talking to a Jefferson County Colorado VA Mortgage Loan specialist about your options and the savings you will realize. Find out more about your Veteran benefits through the Denver Regional VA Office.
Learn about your savings going into the transaction, so that you know ahead of time that it makes financial sense. You will have a benefit from day one, because of the fact that we can help you with your Jefferson County CO VA IRRRL Refinance with no closing costs.
Qualification standards are not difficult. Although VA will state that there is no credit check or minimum credit score requirement, lenders have overlays or additional requirements above what VA requires. With a minimum credit score of 620 with most VA Lenders, you will get a better rate if you are above 640. It's also required to be 2 years out of a bankruptcy.
Although VA guidelines also state that you will not need an appraisal, in many cases we will need one. You will get a much better rate if you owe less on your home than it’s worth (up to 100% of your home value is acceptable), but can still obtain a Jefferson County CO VA IRRRL Refinance up to 125% of your home value.
We will not need to verify your VA home loan benefits through ordering a new certificate of eligibility, because you already have your benefits confirmed due to the fact that you have a current Jefferson County Colorado VA Loan.
The low VA funding fee is only .5% of your new loan amount (for example on a $200,000 loan the funding fee would be $1000), and is either financed into the new loan, or many times we can pay the VA funding fee for you, meaning you will not have to bring anything to closing.
You can find out what your rate and payment will be by giving us a call in the office at 303-670-0137. You can learn more about our company at http://www.cohomesandloans.com. The first step to getting started is to fill out a loan application and have your credit checked.
However, we do not believe in high-pressure sales tactics, and instead will give you honest advice and straight answers to your questions. Thank you for your service to our country means the world to us, we would be honored to serve you!
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