Homeowners find this type of loan useful because the VA doesn't require an appraisal, asset test, or income verification. It is possible to refinance even if the borrower has experienced a drop in the value of the home, has reduced their income since the purchase, or has little money in their checking and savings accounts.
Do you have to verify assets on a va irrrl?
Homeowners find this type of loan useful because the VA doesn't require an appraisal, asset test, or income verification. It is possible to refinance even if the borrower has experienced a drop in the value of the home, has reduced their income since the purchase, or has little money in their checking and savings accounts.
