Financing in Upper Marlboro>Question Details

gardy75, Home Owner in Upper Marlboro, MD

Refinance VA IRRRL without Clear CAIVRS

Asked by gardy75, Upper Marlboro, MD Mon Apr 8, 2013

I am looking to refinance my VA loan but did a short sale in 2010. Is there a lender out there that will do a VA IRRRL without a clear CAIVRS? Thanks

Help the community by answering this question:


Hello again Gardy 75,

Here are the VAIRRRL guidlines with regard to CAIVRS:

The CAIVRS clearance must be obtained for all borrowers on the loan. The CAIVRS message should indicate "No Claims or Defaults" and a CAIVRS Code will be issued. If the borrower is delinquent on any federal debt, including student loans, tax liens, etc., the borrower is not eligible until the account is brought current, paid in full or resolved with a satisfactory repayment plan made between the federal agency and the borrower. Written verification of the repayment plan is required.

If there is a chance that your short sale was not documented properly on your credit report then there may be hope!

I will be happy to look into this scenario further for you.


Catherine Purcell
1 vote Thank Flag Link Mon Apr 8, 2013
No appraisal or credit underwriting package is required when applying for an IRRRL.
An IRRRL may be done with "no money out of pocket" by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs.
When refinancing from an existing VA ARM loan to a fixed rate loan, the interest rate may increase.
No lender is required to give you an IRRRL, however, any VA lender of your choosing may process your application for an IRRRL.
Veterans are strongly urged to contact several lenders because terms may vary.
You may NOT receive any cash from the loan proceeds.

Joel Lobb (NMLS#57916)
Senior Loan Officer
502-905-3708 cell
502-813-2795 fax

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
Web Reference:
0 votes Thank Flag Link Tue May 14, 2013
That was an answer? It appears you didn't even read the question.
Flag Tue Nov 5, 2013
Hello Gardy,

Thank you for serving our country and for helping to keep us safe and secure here in the U.S! I appreciate your service!

CAIVRS is a Federal government database of delinquent Federal debtors that allows federal agencies to reduce the risk to federal loan and loan guarantee programs. CAIVRS alerts participating Federal lending agencies when an applicant for credit benefits, or for a position of trust in support of the administration of a Federal credit program, has a Federal lien, judgment or a Federal loan that is currently in default or foreclosure, or has had a claim paid by a reporting agency.

My question would be: What was the date of your short sale? Is this the only thing that is not showing as clear on your CAIVRS report?

I can be reached at 202 573-6035.

Catherine Purcell
Senior Mortgage Loan Officer
202 573-6035
0 votes Thank Flag Link Mon Apr 8, 2013
FHA paid off the loan May 2010. Yes, the sort sale is the only thing that is on the CAIVRS.
Flag Mon Apr 8, 2013
I do not believe so without it being clear. I take it the short sale was on another home?
Good luck though.

Brent Mendelson
1st Mariner Mortgage
nmls #111407
0 votes Thank Flag Link Mon Apr 8, 2013
one. Few months after we closed the renter broke our year lease. It's been almost three years since the shortsale.
Flag Mon Apr 8, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer