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VA Interest Rate Reduction Refinancing Loan

Discussion in 'General Discussion' started by Quigley_Sharps, Jun 12, 2008.

  1. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member


    The Oregon Dept. of Veterans' Affairs (ODVA) is sharing important information about Interest Rate Reduction Refinancing Loans (IRRRLs). Recently the United States Dept. of Veterans' Affairs (VA) reminded veterans that Certificates of Eligibility (COEs) are not required for IRRRL's.

    The surviving spouse who obtained a VA home loan with the veteran prior to his or her death (regardless of the cause of death), may obtain a VA guaranteed IRRRL. The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit.

    To learn more about IRRRL's visit the VA Home Loan website at www.homeloans.va.gov/IRRRL.htm. Lenders, Servicers and Real Estate Professionals can sign up for access to the VA Veterans Information Portal (VIP) online at https://vip.vba.va.gov.

    ODVA offers a state veterans' home loan (ORVET) that is an additional and distinctively separate benefit from the VA Home Loan Guaranty Program. Information about the ORVET program is available online at www.oregon.gov/ODVA/HOMELOANS.

    To locate a Service Officer for assistance with veteran benefits, go online at www.oregon.gov/ODVA/VeteransServiceOfficerDirectory.shtml.

    Christopher M. Dauterman
    Oregon Dept. of Veterans Affairs
    Public Affairs Specialist
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