Refinancing A VA Loan: Department of Veterans Affairs

What is a VA home loan?

VA loans are home mortgages backed by the Department of Veterans Affairs (VA). With a VA loan, eligible service members and veterans can buy a home with little or no down payment, or refinance an existing home to get cash out or a lower monthly payment through the VA Interest Rate Reduction Refinancing Loan (IRRRL).

As an approved lender for the VA Home Loan Guarantee Program, Vista Home Loans can offer service members, veterans, and eligible surviving spouses favorable terms on all types of home mortgage products.

WHO is the VA IRRRL for?
  • Qualified veterans and service personnel with a VA loan
  • Qualified VA loan owners who want to reduce their interest rate or switch from an adjustable rate to a fixed rate
  • Qualified borrowers who want to refinance without an appraisal or credit underwriting
  • Qualified VA homeowners who want a streamlined refinance with no money out-of-pocket

 

Features & Highlights
  • Low or no down payment
  • Lower monthly payment
  • Simplified approval process
  • Qualified VA homeowners who want a streamlined refinance with no money out-of-pocket