Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
mortgage refinancing program
|
| gptkbp:abbreviation |
IRRRL
|
| gptkbp:advantage |
lower costs
streamlined process faster closing |
| gptkbp:alsoKnownAs |
gptkb:Interest_Rate_Reduction_Refinance_Loan
|
| gptkbp:appraisalRequired |
not usually
|
| gptkbp:benefit |
lower interest rate
no appraisal required in most cases limited documentation no income verification in most cases reduced monthly payment |
| gptkbp:cashOutAllowed |
no
|
| gptkbp:creditCheckRequired |
sometimes
|
| gptkbp:eligibility |
current VA loan holders
|
| gptkbp:fareControl |
VA funding fee
|
| gptkbp:fundingFeeAmount |
0.5% of loan amount
|
| https://www.w3.org/2000/01/rdf-schema#label |
VA Streamline Refinance
|
| gptkbp:offeredBy |
gptkb:U.S._Department_of_Veterans_Affairs
|
| gptkbp:purpose |
refinance existing VA loan
|
| gptkbp:requires |
must certify previous occupancy
must be current on existing VA loan |
| gptkbp:targetUser |
adjustable-rate
fixed-rate |
| gptkbp:website |
https://www.va.gov/housing-assistance/home-loans/loan-types/interest-rate-reduction-loan/
|
| gptkbp:bfsParent |
gptkb:Interest_Rate_Reduction_Refinance_Loan_(IRRRL)
gptkb:Interest_Rate_Reduction_Refinance_Loan |
| gptkbp:bfsLayer |
7
|