VA IRRRL Loan

Active duty military service members and retired veterans oftentimes face challenges when it comes to homeownership and refinancing. Luckily with Firehouse Mortgage, we understand Veterans because we are a veteran-owned company ourselves. When it comes to refinancing your VA loan, a VA Streamline IRRL may be the right choice for you. A VA Interest Rate Reduction Refinance Loan is designed to take your current VA loan and find an even lower interest rate to make your monthly payments even more affordable.

Instituted in 1944, the Department of Veteran Affairs provided a program that has helped millions of Veterans with their home refinancing needs. This program can help to provide a reduced interest rate which can also allow you to have more stable home payments for the duration of your loan. What are some of the other incredible benefits of the VA Streamline IRRRL?

Lower Funding Fee. A funding fee is what is included instead of mortgage insurance. This can be paid at closing, included in the loan, or offset with a lender-paid credit.
Predictable rate changes. Adjustable-rate mortgages can be tricky if the market is not in your favor at that time. When switching to a fixed-rate mortgage, you can always ensure your payment is predictable which can make financial planning easier.
Reduced costs. When closing costs and fees can be rolled into the loan, the homeowner can save on upfront refinancing costs that may otherwise prevent them from taking the loan initially.
Competitive Interest Rates. With interest rates being lower and competitive, a borrower can potentially save thousands of dollars over the entirety of the loan.

How do you qualify for a VA Streamline Interest Rate Reduction Refinance loan? The first qualification is to have a current home loan that is backed by the VA. Another qualification is the home must also be your current or previous residence. If you are refinancing to change the interest rate type, you must go from an adjustable-rate to a fixed rate. Finally, you must be current on your VA loan with no 30 day late payments. This is to ensure that you will stay current with your new refinance loan payments as well.

If you are looking to refinance your current VA loan for a better interest rate or lower payments, then call one of our qualified loan officers today at Firehouse Mortgage. Let’s get you the best rate in your home today.

VA LOANS

Terms of 15 or 30 years
0% down payment
Loan amounts up to $2 million
For active duty, reservists or retired military

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FIREHOUSE MORTGAGE

Firehouse Mortgage offers professional mortgage brokering services to homebuyers in Houston Texas. We strive to attain the highest level of customer service satisfaction and trust.

Conventional Loans

Terms of 15 or 30, or any year in between
Down payment as low as 3% for First Time Home Buyers
No Mortgage Insurance with 20% or more down payment
Cash out refinance options available

FHA Loans

Terms of 15 or 30 years
Down payment as low as 3.5%
Credit score as low as 580
Allows more people the opportunity for homeownership

USDA Loans

0% down payment
Rural counties qualify

VA Loans

Terms of 15 or 30 years
0% down payment
Loan amounts up to $2 million
For active duty, reservists or retired Military

Down Payment Assistance

City of Houston Assistance

Harris County Assistance

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Buying your first home? make it your dream home. We’ll work with your budget. From our community to yours, our service to the public has been our commitment. Our integrity, customer service, and professionalism has served our country, our family-values have served our community, let our commitment serve you.

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We’d Love to Hear From You

Call us today for a hassle-free consultation. We can help you find the perfect home for you and your family. Let Firehouse Mortgage handle the stress of getting your dream home, so you can enjoy it the way you deserve.

Phone

Voice: 281.668.9622
Fax: 832.201.7077

Address

7702 FM 1960 Road E. Suite 300,
Humble, Tx. 77346

Email

info@firehousemortgage.net

Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the texas department of savings and mortgage lending, 2601 north lamar, suite 201, austin, texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.Sml.Texas.Gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.Sml.Texas.Gov.