The VA Streamline program is specifically for homeowners who already have a VA loan and would like to refinance to take advantage of lower interest rates. It is considered a streamline because it allows you to refinance quickly, without an appraisal, and requires minimal paperwork on behalf of the lender. Both save you time and money upfront.
Also known as an Interest Rate Reduction Loan (IRRL), a VA Streamline Refinance MUST lower your interest rate or it’s not performed.
In other words, there’s no risk involved.
VA Streamline – The Best Refinance Available?
The VA Streamline Refinance is widely considered to be the best refinance available. No other refinance loan program is as simple and easy to qualify for as a VA streamline refinance.
A VA Streamline Refinance:
- does not require an appraisal
- cuts down significantly on paperwork
- requires no income verification
- has no qualifying debt ratios
- has only a limited credit check
- guarantees a LOWER interest rate
In short, in today’s economy it’s hard to imagine a better loan program!
VA Streamline Eligibility Requirements
If you currently have a VA mortgage, have a credit score of at least 600, and interest rates today are lower than when you obtained your loan… it’s likely that you’re eligible for the VA Streamline refinance.
Answer a few simple questions and we’ll help you qualify and show you how much you can save. It’s fast, free, and there’s no quicker way to start saving!
