VA Home Loan Benefits
VA Homes
VA Real Estate (Home) > Current Page

The VA Streamline Refinance

Interest Rate Reduction VA Loan Program

The VA has an Interest Rate Reduction Loan program called the Streamline Refinance. This refinance provides a way for current VA homeowners to lower their interest rate with little or no out-of-pocket costs. These loans can also be made faster and with less documentation than a typical loan.

What's so good about it?

  • No Appraisal
  • No Credit Report
  • No Income or Debt ratios used
  • No underwriter to reject your loan
  • No income verification
  • No job needed
  • Fast application over the phone
  • No out of pocked expense

The Basics:

An Interest Rate Reduction Loan or Streamline Refinance allows you to refinance your current VA mortgage interest rate to a lower VA rate than you are currently paying. This is only available to veterans who are refinancing their original VA mortgage and utilized their original eligibility.

"No Cost" Streamlines let you refinance your mortgage with no out-of-pocket expenses. One option is to let the lender pay the costs in exchange for a higher interest rate. Another option that lets you obtain market rates is to roll the closing costs into the new loan.

Call (800) 246-8708 today to see if you qualify, or fill out our short loan application online.

 
 
VA Home Loan Benefit