Get a Free Rate Quote!

  • By clicking submit I agree to the VAStreamlinePro.com privacy policy

VA Streamline Refinance

If you are in a VA home loan now and are looking to refinance, a VA streamline refinance is probably the best option for Veterans.  A VA Streamline, also known as an IRRRL (Interest Rate Reduction Refinance Loan), is a refinancing option that allows veterans in a VA mortgage to refinance with another VA mortgage with added benefits that FHA and conventional loans don’t have.  VA streamlines generally require zero money from the borrower at closing and less paperwork.

Benefits of a VA Streamline Refinace:

    • No appraisal options available
    • Lower credit score requirements
    • No income verification
    • Lower closing costs
    • Defer up to 2 mortgage payments
    • Potential cash escrow refund

 

Refinancing your VA home loan can save you a hundred dollars or more with each mortgage payment and thousands of dollars over the life of your loan.  You can defer up to 2 months payments and any money left in your escrow account will be paid out to you after the refinance loan closes. You may also be eligible for a cash escrow refund after your current loan is paid off.

That extra cash from a VA streamline will allow:

  • Payoff high interest credit card debt
  • Apply extra money to the principle of your loan and pay it off faster
  • Take a family vacation

The VA Streamline loan is one of the easiest loans to process and close as long as the loan officer knows the ins and outs of the VA loan process.  It is very important to work with a VA loan specialists that has the experience necessary to make your VA streamline experience painless.

When refinancing your VA loan, there are many loan options available to you as a Veteran.

VA Streamline Loan Options include:

  • 30, 25, 20 yr fixed
  • 15 yr Fixed (you typically get a reduction in rate once you drop to the 15 yr loan)
  • VA 3 or 5 yr Hybrid

No matter the reason for refinancing your home, our VA streamline loan specialist can help you choose the right VA streamline for you.  We are dedicated to serving our nations’ veterans and look forward to working with you on your VA streamline.  Please fill out the form on our website or call us today.