Wholesale

share_option

Share

How to Apply for a VA IRRRL

Required VA disclosures:

A VA payment comparison letter and lender certification: Must be presented within three days of the initial application and again at the time of closing
The borrower’s nearest living relative
VA pending and pre-discharge claim pending certification

Good to know about applying for a Caliber VA IRRRL:

No income
No assets
No verification of employment (VOE)/no employment listed
The last VA loan amount is used to determine appraised value

Step 1

Get borrower documentation

Copy of the borrower(s) current VA Note
Validation of Social Security Number, including a copy of his or her social security card or wet signed SSA form (located in the Caliber Disclosure package)
Copy of borrower(s) Driver’s License
Homeowners’ Dec Page

Step 2

Register and/or lock in the loan

From CaliberWholesale.com Click on the “Access Blueprint” button in the top right corner
Enter the following minimum required information when registering the loan:
- Purpose of Loan: Refinance
- Refinance Purpose/Type: No C/O: Rate/Term
- Document Type: Streamline

Step 3

Order a VA case number through the VA loan guaranty site

Visit https://lgy.va.gov/lgyhub/
Or email: wholesale.coe@caliberhomeloans.com

Step 4

Obtain mortgage only credit report

We will also accept a full credit report. In community property states a non-borrowing spouse also has to provide a mortgage only or full credit report.

Step 5

Obtain a pay-off statement from the borrower’s current mortgage servicer after initial registration

Do not run a Desktop Underwriter (DU) or Loan Prospector (LP). A VA IRRRL is a manually underwritten loan
Do not order a pest inspection or appraisal

VA Support Mailbox

VA Support Mailbox

Get timely, accurate answers to all your VA lending-related questions so you can get back to your clients with information and confidence.

VA Support Mailbox

Wholesale COE Mailbox

A missing certificate of eligibility (COE) can stop a VA loan, but our team helps get it back on track. Just send us an email, and we’ll do the rest.

© 2022 Caliber Home Loans, Inc. NMLS #15622

Sitemap | Security | Terms of Use | Privacy Policy | Licensing & Disclosures | NMLS Consumer Access | Texas Mortgage Banker Disclosure | Do Not Sell My Personal Info (CA Residents)