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VA Streamline / IRRRL loans

I bought a house in WA in 2006.  I recieved orders out of there and went to Guam in 2009.  I thought I would be able to go back to WA, but now I recieved orders to go to TX.  I owe more than it's worth because the decreasing market, so I am looking for a lender that does VA Streamline / IRRRL loans without an appraisial.  I called one company and he said that I physcially need to be in the states to get this done.  Please let me know if there is anyone out there that would be able to help me out.  THANKS!!!
  • January 20 2012 - Bremerton
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Answers (9)

Google   " IRRRL no appraisal"
  • January 22 2012
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I may be able to do it for you with one of my lenders but, they require that your current loan be with either GMAC or Wells Fargo.  Is that the case with your loan by any chance?

Doug
  • January 23 2012
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I do IRRL's all the time.
  • January 24 2012
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You would want to do the IRRRL version that not only has no appraisal, but no income, so that you are using your VA benefit to lower the rate.    You would still need to verify it is your primary residence and not be renting the property out.
  • March 30 2012
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You would still need to verify it is your primary residence and not be renting the property out. 
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no,you would not. You can do an IRRRL on a rental.
  • March 30 2012
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dittos prez
  • March 30 2012
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Not many lenders perform a VA IRRRL or VA Streamline without an appraisal. Many claiming to have the ability end up using an AVM which is not an appraisal, but ultimately ends up causing the same result.

I work with a national bank that does allow for VA IRRRL or VA Streamline that does not require an appraisal or AVM. Obviously certain parameters apply, but I would be more than happy to point you in the right direction.
  • September 14 2012
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[self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
  • May 26 2013
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We do VA IRRRL [spam deleted by Zillow moderator]
  • October 27 2013
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