People are searching for more information about various VA lenders: and USAA offers a VA streamline (aka IRRRL) that many Veterans have questions about.
USAA offers a VA IRRRL refinance through their lending division along with other major lenders in America. The VA IRRRL refinance program is not something that only one lender (USAA for example) offers — which is why it is in a Veterans best interest to shop multiple lenders when considering the VA IRRRL program.
USAA IRRRL Streamline Refinance
The VA IRRRL streamline refinance program allows Veterans to refinance their current VA loan into a lower interest rate (when rates are lower than they were when they took the loan out) with the least amount of documentation required. The VA IRRRL program has been popular with Veterans who have a VA loan for years – it is not a program that resulted from the downturn in housing prices like the HAMP program or other “loan modification” programs.
VA IRRRL Rates at USAA: Shop Multiple Lenders
If you are a Veteran and have spoken to USAA about the VA IRRRL, be sure to also speak with other lenders who offer the VA IRRRL program: you might be surprised to see how different the closing costs and interest rates can be. The easiest and fastest way that you can be sure you are getting the best deal when you do a VA streamline is to speak with multiple VA approved lenders about your situation. You may be surprised to learn just how different each lender can be when it comes to service, rates and fees. Just because you are making payments to one lender doesn’t mean you have to use that lender should you wish to refinance – you can use any VA approved lender to get you a new VA loan with a a lower interest rate.
Have questions about the VA IRRRL program at USAA? We are happy to give you another opinion – we will match you with a VA IRRRL expert. Get started below now!