VA IRRRL Loans: Streamline Refinancing for Nevada Veterans
By Mortgage & Real Estate Finance Review Board•
Mortgage Strategy Key Takeaway
Exclusive veteran benefits: 0.5% funding fee, zero appraisal, no underwriting income re-verification, and 36-month recoupment rules for military families.
Active military and honorably discharged veterans in Clark County can utilize the VA Interest Rate Reduction Refinance Loan (IRRRL) to lower payments with minimal closing friction.
1. VA IRRRL Key Advantages
Reduced VA Funding Fee: Only 0.50% of the loan amount (compared to 2.15%–3.3% on purchase loans), and fully waived for veterans with service-connected disabilities.
Recoupment Rule: All allowable closing costs and fees must be fully recouped via monthly payment savings within 36 months.
Occupancy Certification: Requires only certification that the borrower previously occupied the property as their primary residence.
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Mortgage & Real Estate Finance Review Board
Our mortgage research desk includes licensed loan officers, Certified Mortgage Bankers (CMB), and Nevada real estate title specialists auditing Fannie Mae Desktop Underwriter matrices, FHA net tangible benefit guidelines, and Clark County appraisal trends.
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