Hill Mortgage prides itself on offering a variety of home ownership programs that are exclusively created for veterans and active duty service members. Through the VA Loan Program, we are offering more than just low down payments – there are competitive rates, refinance options and less documentation than many existing programs. The VA Interest Rate Reduction Refinance Loan (IRRRL) is among the favourite programs that honours veterans and offers them the following advantages:
- $0 down payment.
- A minimum credit score of 580.
- Private mortgage insurance (PMI) is not required.
- Various fixed-rate mortgage options available with 15 to 30 year terms.
- Exclusive refinance with the VA Interest Rate Reduction Refinance Loan (IRRRL).