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Veteran and I need to refi

My current loan is conventional. Can I use my IRRRL benefit to refi? by moinefou477 from Hazelwood, Missouri. Feb 26th 2021 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,236 contributions

No, you cannot. An IRRRL is a refinancing of an existing VA loan to a new VA loan. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Feb 26th 2021
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Corey Vandenberg (Coreyv)
#66 ranked lender in Indiana - 34 contributions

Why did you go conventional in the first place?

Feb 26th 2021
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Hana Girgis (Anchor1)
#30 ranked lender in Missouri - 6 contributions

Hello, we can certainly get you into a VA loan. It would not be an IRRRL, but you would receive all the benefits of having a VA loan. Our company specializes in VA loans in the state of Missouri, in St. Louis. Please call me at 314-267-5555. Thank you!

Feb 26th 2021
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,316 contributions

Unfortunately no, the VA IRRRL loan is a streamline refinance loan of an EXISTING VA loan only. If you had used your VA benefits to buy the home in the first place, you'd be fine. I love VA loans, I'm licensed for VA loans in MN WI IA ND SD. Find me at VAMortgageMN.com - NMLS 274132 Cambria Mortgage

Mar 4th 2021
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