The Lakewood CO VA IRRRL program is an incredible refinance opportunity which you can use to lower the rate and payment on your current Lakewood CO VA Loan. In many cases, we can help you with no closing costs!
The Lakewood Colorado VA IRRRL allows you to obtain a lower rate and payment on your existing 
Lakewood CO VA Loan. The VA IRRRL is also termed a "streamline" refinance, because the process is so easy and fast.
The first step to determine your savings and your options by talking to a Lakewood CO VA Home Loan specialist. It's important to know your savings going into the transaction, so that you know it makes financial sense. Because of the fact that we can do your Lakewood Colorado VA IRRRL with no closing costs, you can benefit from day one.
Qualification standards are not difficult. You can find out the basics on VA eligibility through the Denver Regional VA Office.
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 Lakewood CO VA IRRRL Refinance up to 125% of your home value.
Your current Lakewood CO VA Home Loan verifies that you have eligibility, so you will not have to verify your benefits again through obtaining a certificate of eligibility.
The VA funding fee is low, only .5% of your loan amount (ie on a $200,000 loan the funding fee would be $1000), and is either financed into the new loan, or in some cases 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. Filling out a loan application and having your credit checked is one of the first steps to determining eligibility.
Our philosophy is to give you honest advice and straight answers to your questions. Visit our website at www.cohomesandloans.com.
Thank you for your service to our country- it means the world to us!
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