The VA Streamline Refinance & Interest Rate Reduction Refinance Loan

VA Streamline Refinance rates are at a 36 month low! We feature ZERO CLOSING COST RATES. (rates on the right) No Appraisal or Income. We will beat any quote.

VA Streamline Refinance – IRRRL Refinance

  • No Income
  • No minimum FICO required
  • No Appraisal or AVM
  • Ignore foreclosures and mortgage lates on other properties owned
  • You can use this with your rental properties as long as you have an existing VA loan on the property and can prove you lived there at one time.

The VA’s Streamline Refinance program, also known as a “VA to VA” loan or Interest Rate Reduction Refinancing Loan (IRRRL), allows you to lower the interest rate or term on your mortgage with few or no out-of-pocket costs.

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VA Home Loan Plan to Home Ownership

Benefits of a VA Streamline Refinance

Interest Rate Reduction Refinance Loan (IRRRL): See lending criteria above. Also called the Streamline Refinance Loan can help you obtain a lower interest rate by refinancing your existing VA loan. Learn More

A VA IRRRL is excellent when you can lower: Interest rate. Monthly payments. If you’re looking to go from an ARM to a fixed-rate loan this might be worth it, even if there’s a modest increase in your interest rate.

Eligibility Requirements of a VA Streamline Refinance

Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits.

A VA IRRRL is used to refinance one VA mortgage into another. It is an improvement on your old VA loan. With it, you get a lower rate, a lower payment, or both. You can also move from an adjustable-rate loan to a fixed-rate loan. That means you’ll need to lower your interest rate or reduce your monthly payment.

VA Streamline Refinance or Interest Rate Reduction Refinance Loan (IRRRL): The IRRRL is a “VA to VA” loan, meaning it can only be done if you have an existing VA guaranteed loan on the property. The VA Streamline Refinance or IRRRL is generally performed to lower the interest and reduce the monthly payment on the existing VA guaranteed loan.

Lower Interest Rates Add Up

Using your VA benefits and making use of the VA Streamline Refinance loan program is good, but nothing is greater than having the best interest having on that loan.  VA Streamlines give current and former military homeowners the chance to adjust their home loan structure to save big time money in the long run.

Before you seek a VA Streamline, consider what type of interest rate you want going forward: fixed or adjustable. An adjustable rate mortgage (ARM) streamlines require the new monthly payment to be lower than the previous VA loan. However, refinancing to an Fixed-rate makes a new higher monthly payment permissible.  It makes sense because the fixed rate will never change and fixed rates are at historic lows right now.

Call it whatever you like, VA Streamline or VA IRRRL, because it’s the same loan: a great option for VA home loan holders to lower their mortgage payments or term.