VA Loans

Home Loan

What is a VA Loan?

A VA Loan is a benefit offered to active duty and retired members of the U.S. Military and their families.  As a qualified VA lender, Carrington Mortgage Services is authorized by the VA to offer VA refinance loans.  VA loans offer favorable lending terms to those that qualify including lower interest rates, low down payments, and flexible credit qualifications. 

VA loans are governed by the U.S. Department of Veterans Affairs.

Is a VA IRRRL Right For Me?

You may have heard of a VA IRRRL or Interest Rate Reduction Refinance Loan. This program is only available to borrowers who already have a VA loan. This streamline, low document program, is fast and makes the refinancing process easy. Some of the benefits include:

  • Lower fixed interest rate
  • No minimum credit score
  • No appraisal required
  • No out of pocket costs required
Is a Standard VA Loan Right For Me?

A Standard VA Refinance loan requires more documentation than a VA IRRRL but it is a great option for anyone not eligible for the IRRRL program.  With this program borrowers also have the option to get cash-out.

  • Cash-out up to 100% of the value of your home
  • Credit scores as low as 500 may qualify
  • Fixed rate programs
  • Low closing costs
  • Veterans, members of the military, or a surviving spouse of a Veteran may qualify
How Do I Get a VA Loan?

If you're ready to refinance your home or just have questions about the program please contact a member of the Carrington team. 

We will be happy to answer any questions and walk you through the application process.

Call (888) 267-0584 or Start now

*Applicable only if the monthly principal and interest payment do not increase 20% or more. Verbal verification of income source is required.