One of the more common questions about the VA IRRRL program is:
How long does it take to get a VA IRRRL loan closed and funded?
The answer is: it depends on the VA IRRRL lender.
Each VA loan lender has their own processes and turn times when it comes to the way that they close loans. And since very few lenders specialize in only the VA loan programs, the VA loans that get done there are pretty much lumped in with the other loan program types.
But generally speaking, it is safe to say that you should be able to get a VA IRRRL loan done in less than 30 days from when you sign the loan application.
VA IRRRL Lenders: Each One Is Different
When you choose a VA lender to help you with the IRRRL program, be sure to ask about how long the typical VA IRRRL takes and whether or not they specialize in the VA IRRRL program or it just happens to be one of the many hundreds of different loan programs they do.
When selecting a VA IRRRL lender to help you, it is also important to speak with several lenders so that you get an idea of what the fees structure will be for each lender AND what the lender’s turn times are. If a lender is only slightly more expensive than others but can get the IRRRL loan closed in 10 days, then it may be worth paying a slight premium.
Get matched with a VA IRRRL expert by completing your information here – these VA-approved lenders are happy to talk with you and give you a free estimate of both costs and timeframes to getting your VA IRRRL done. Filling out our short form only takes a minute. The easiest way to get approved for a VA loan and be sure that you are getting the best deal is to speak with multiple VA lenders about your situation. Start by submitting your information today!