VA Home Loan Basics
Buy A New Home
The VA home loan program is designed for veterans of the United States military who have served a minimum amount of time depending on the era of military service. The VA loan program involves a loan guarantee made by the Department of Veterans Affairs to a participating private VA lender of the borrower’s choosing.
Lower Your Mortgage Payments
Refinancing a VA home loan is an option available to borrowers in two basic ways: cash-out refinancing and Interest Rate Reduction Refinancing Loans, also known as the VA IRRRL or VA Streamline loan.
These two types of VA refinancing loans are very different. Which one is most appropriate depends on the borrower’s circumstances and financial needs.