Understanding VA Funding Fee Exemptions for IRRRLs

veterandisabilityadviser.com

What is an IRRRL and How Does it Work? The Interest Rate Reduction Refinance Loan (IRRRL) is a specialized mortgage product offered by the Department of Veterans Affairs (VA) aimed at veterans and military personnel looking to refinance their existing VA loans. The primary purpose of the IRRRL is to facilitate a refinance process that … Read more

A Complete Guide to VA Funding Fees and Exemptions

veterandisabilityadviser.com

Understanding VA Funding Fees VA funding fees are one of the essential components of the VA loan program. These fees are paid by veterans and active-duty service members when they obtain a home loan guaranteed by the Department of Veterans Affairs (VA). The primary purpose of these fees is to help sustain the program, allowing … Read more