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Veteran Appreciation

I want to make sure all of our wonderful Veterans are aware of these opportunities associated with their VA loans. goBEappreciated

Since 1944 over 20 million Veterans and Service Members have purchased a home using the VA Home Loan program. Over the past 5 years VA home loans have had the lowest foreclosure rate of any other type of home loan.

The VA’s Home Loan Program Benefit is not a one-time benefit. It can be reused. Veterans may reuse their VA benefit to purchase another residence, or to refinance to a lower rate. Refinancing a VA loan is referred to as an Interest Rate Reduction Refinance Loan (IRRRL). No appraisal or credit underwriting is required.

On average, Veterans save more that $200 a month after an IRRRL.

Read more about the program on the VA website here: http://www.benefits.va.gov/HOMELOANS/irrrl.asp .

You can also contact your closest VA regional office with Loan Guaranty staff by calling 877.827.3702, or visiting  http://www.benefits.va.gov/HOMELOANS/contact_rlc_info.asp .

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