© LOAN PROGRAMS PRODUCT 20 OF 20
Already have a VA loan. The Interest Rate Reduction Refinance Loan lowers the rate and the monthly payment with minimal documentation, no appraisal required in most cases, no income verification, unlimited LTV options and loans to $4,000,000.
REQUIREMENTS
BENEFITS
© OWNER OCCUPIED LOANS PRODUCT 20 OF 20
Most refinances cost more in effort than they return in savings, which is why so many borrowers sit on a rate they could beat. The IRRRL was designed to remove that friction for veterans who already hold a VA loan. The card is direct about it: a simple, fast refinance process, with no appraisal or income verification needed in most cases.
The published terms are fixed, up to 100% LTV, loans to $4,000,000 and unlimited LTV options listed as a benefit. Verification is described as minimal documentation, and the transaction is a rate and term refinance, which is the whole point: this instrument exists to lower the rate and the payment, not to pull equity out. A veteran who needs cash out uses VA Elite instead.
The property line is broader than most people expect. It reads primary, 2nd and investment, covering SFH, condos and PUDs. The one requirement that gates everything is the first line of the card: the borrower must already have a VA loan. Without that, the entry point is VA Elite for a fixed rate or the VA 3/1 and 5/1 ARM for a shorter hold.
Already have a VA loan? Our VA IRRRL program makes it easy to lower your rate and monthly payment with a simple, fast refinance process - no appraisal or income verification needed in most cases.
Loan Goat, on va irrrl streamline refinance
Terms, requirements and benefits on this page are printed exactly as Loan Goat publishes them.
© THE COMPARISON 3 PRODUCTS IN THIS PROGRAM
One question decides it: is there already a VA loan on the property. If yes, this is the fastest instrument on the card set. If no, or if cash is needed, the other two VA cards are the route.
For a purchase or a cash-out at a 640+ FICO: up to 100% LTV to $4,000,000, with escrow waivers and buydown options.
For a shorter hold: fixed for 3 or 5 years then adjusting, from a 580 FICO, with no rate buydowns.
For a non-VA refinance on self-employed income: 12 to 24 months of statements, Non-QM loans from $200,000 to $10,000,000 over 5 to 30 years.
For an investment property refinanced on its rent: DSCR to 80% LTV over 30 years from 6.50%.
Every figure below is the one printed on that product's live terms card. Rates and pricing are subject to change and are not a commitment to lend.
| Product | Rates | LTV Up To | Terms | Loan Amounts |
|---|---|---|---|---|
| OWNER OCCUPIED BRIDGE LOANS | From 10.50% | 70% of purchase price | 11 & 12 months | $500,000 minimum |
| VA ELITE HOME LOANS | 100% | Fixed | $4,000,000 | |
| VA IRRRL STREAMLINE REFINANCE | 100% | Fixed | $4,000,000 |
WHO IT IS FOR · 02
Veterans and service members already holding a VA loan whose rate is above the current market, who want the payment down without a full underwriting cycle.
OUR PROCESS · 03
The four steps, compressed. With minimal documentation, no income verification and no appraisal required in most cases, the distance between the Letter of Intent and funding is short.
© PROPERTY TYPES AS PRINTED ON THE TERMS CARD
Single family homes, condominiums and PUDs, and unusually for a VA product, the occupancy line covers primary, second home and investment property.
© VA IRRRL STREAMLINE REFINANCE
A LOWER RATE WITHOUT A FULL UNDERWRITING CYCLE.
PUBLISHED TERMS
© VETERAN OWNED U.S. MARINE CORPS
LOAN GOAT INC IS VETERAN OWNED!
Our Founder and CEO, Milad Shamoun, was a United States Marine Corps Sergeant. As a Veteran owned company, we are proud to serve those who have bravely served in the armed forces.
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
I referred my friend over to Milad and while they weren't ready to do a fix and flip just yet, Alex told me Milad was the first lender that actually explained the process, how constructions loans work, and answered all their questions. She...
Milad is the best in the game! My deal would not have happened without him. He performed at a 10 and was more hands on than I could ever ask for. Definitely recommend!
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
I referred my friend over to Milad and while they weren't ready to do a fix and flip just yet, Alex told me Milad was the first lender that actually explained the process, how constructions loans work, and answered all their questions. She...
Milad is the best in the game! My deal would not have happened without him. He performed at a 10 and was more hands on than I could ever ask for. Definitely recommend!
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
© QUESTIONS 5 ANSWERS
A borrower who already has a VA loan. The current loan line on the card reads "Must have VA loan", and it is the one requirement that cannot be worked around. Without an existing VA loan, VA Elite is the purchase and cash-out card.
No appraisal required in most cases is published on the card, alongside no income verification needed and minimal documentation. Whether a specific file needs one is confirmed before the Letter of Intent.
No. The transaction type is a rate/term refinance, which lowers the rate and the payment without pulling equity. A veteran who wants cash out uses the VA Elite card, whose transaction line covers purchase and cash-out.
Not necessarily. The property line on this card reads primary, 2nd, investment, covering SFH, condos and PUDs. That is broader than the VA Elite card, which is primary residence only.
Unlimited LTV options is published as a benefit on this card, and up to 100% LTV is published in the terms. Combined with no appraisal required in most cases, that is what makes the IRRRL work when a standard refinance will not.
© LOAN REQUEST 2 MINUTES
The loan information form with Owner Occupied Loans already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
