Interest Rate Reduction Refinance Loan (IRRRL)
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
mortgage refinancing program
|
| gptkbp:administeredBy |
gptkb:U.S._Department_of_Veterans_Affairs
|
| gptkbp:alsoKnownAs |
gptkb:VA_Streamline_Refinance
|
| gptkbp:benefit |
lower interest rate
lower monthly payment no appraisal required in most cases no income verification required in most cases |
| gptkbp:cashOutAllowed |
no
|
| gptkbp:eligibility |
current VA loan holders
|
| gptkbp:fareControl |
VA funding fee applies
|
| https://www.w3.org/2000/01/rdf-schema#label |
Interest Rate Reduction Refinance Loan (IRRRL)
|
| gptkbp:introduced |
1980
|
| gptkbp:purpose |
refinance existing VA loan
|
| gptkbp:requires |
must certify previous occupancy
must refinance existing VA loan |
| gptkbp:website |
https://www.va.gov/housing-assistance/home-loans/loan-types/irrrl/
|
| gptkbp:bfsParent |
gptkb:VA_loans
|
| gptkbp:bfsLayer |
6
|