Here’s what you can expect from the VA IRRRL:
Here’s what you can expect from the VA Cash-out Refinance:
Consult your financial advisors and appropriate government agencies for any effect on taxes or government benefits. Calculator disclaimer: The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property.
As the nation’s largest privately held, Veteran-Owned and Operated bank, we believe your service should continue to reward you. That’s why we created The Veteran Legacy Program, a streamlined refinance solution built for those who’ve already have a VA loan.
The VA Interest Rate Reduction Refinance Loan (IRRRL), built to lower your rate with minimal hassle, and the VA Cash-Out Refinance, designed to help you access the equity in your home for the missions that matter most.
You served our country. Let us serve your future.
Borrowers who already have a VA loan can qualify for Veteran Legacy
In most cases, you do not need an appraisal and we only pull a soft credit check which has not affect on your credit. This can help speed up the process and reduce costs.
No, The Veteran Legacy Program is only to reduce your interest rate or switch loan types. However, eligible borrowers can take cash out with our Smart Funds/Equity Release product.
Closing costs vary between borrowers. Speak to one of our mortgage bankers to find out your specific numbers.
Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
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