A close cousin to the FHA streamline refinance is the VA streamline refinance aka the VA IRRRL. The VA streamline is only available to veterans who currently have a VA loan at a higher-than-market interest rate.

Should you still have questions, a loan officer who is an expert in the VA IRRRL program is only a phone call away - call anytime to be connected and get your questions answered in a friendly, knowledgeable way.

VA Streamline Highlights

  • No proof of assets required
  • No income requirements
  • No appraisal is required
  • No credit score required

VA Streamline: Qualification Criteria

There are some simple criteria that must be met in order to participate in the VA IRRRL program. The first rule is that the interest rate on your new loan has to be lower than the interest rate on your current VA loan. Second, just like you must get a lower interest rate, you must also pay less in overall principal and interest. Lastly, you need to be current on your mortgage and can’t have any late payments in the last 12 months.