Know Your VA Loan Options


Created in 1944 to help returning service members purchase homes, the VA Loan is a mortgage loan that is issued through approved lenders such as Sirva Mortgage. Since its inception, the VA Loan program has helped over 22 million veterans and their families finance their home purchase.

This program offers a tremendous benefit to eligible veterans, offering loans with 100% funding, low rates, and no private mortgage insurance requirement.


VA vs. Conventional Loans

No Down Paymentcheckmark
Low Credit Scorecheckmark 
Mortgage Insurance**
Easier Underwriting Guidelinescheckmark 
Relaxed Property Standards checkmark

**Conventional loans require Mortgage Insurance when you put less than 20% down.

VA Interest Rate Reduction Loan (IRRRL)

Borrowers that have a VA Loan that is greater than 6 months old and would like to refinance may be able to take advantage of a VA Interest Rate Reduction Loan (IRRRL). A VA IRRRL may be a convenient way that you can take advantage of lower interest rates and decrease your monthly mortgage payment over the life of your loan.

The advantages of a VA Interest Rate Reduction Loan (IRRRL) include:

  • No home appraisal is required
  • No paystubs, bank statements or verification of employment is required
  • No credit score requirements
  • Reduced Funding fee that’s just 0.50% of the new loan amount

Talk to one of our professional Mortgage Consultants today to learn about which mortgage option is right for you!

Questions? Need advice? We're here.

For more information about our mortgage rates or financing options connect with us today.
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