18-27: VA Refinance of Loans with No Payment History


As a clarification, per Ginnie Mae, loans paid off through a VA refinance must have a payment history in order to meet Ginnie Mae’s seasoning requirements. The refinance of a loan without a payment history would be ineligible for delivery to Ginnie Mae. Ginnie Mae seasoning is tied to the first and sixth monthly payment dates. 

Examples of loans without a payment history include but are not limited to:

  • Reverse mortgages,
  • HELOCs or other lines of credit with no monthly payment, and
  • Private loans with no monthly payments.

Please contact your Sales Representative with any questions.