VA Streamline Refinance

Since 2004, the members that contribute to this online community of web sites have been here to help educate borrowers about the benefits of loans such as a VA streamline refinance.

This is an informational location designed to help our active and retired Veteran community with the processes involved in refinancing their current VA home loans. Here you will be able to learn the steps required to do a VA streamline refinance and find a lender who will help you with your the desired loan.

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VAStreamlineRefinance.info is not affiliated with the VA and is not a lender or mortgage broker. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. We do not offer loans or mortgages through any representatives or agents. Although we strive to keep this site up-to-date we are not responsible for the accuracy of information or responsible for the accuracy of rates, APR or loan information posted by brokers, lenders or advertisers.

Do you currently have a VA home loan and you feel the interest rate is to high? If you are looking to do a Interest Rate Reduction Loan and you would like to avoid the hassle of re-qualifying for a new a new loan then the VA streamline refinance mortgage is right for you.

There is no PMI involved withe the new loan and you can avoid those expenses usually involved with the standard refinance.
 

Only current VA home loans are eligible for a VA Streamline.

You must be reducing the interest rate on the current loan. You may also lock into a term if you are on an adjustable rate mortgage.

You may not have any late payments on your current loan for the last 12 months.

You maybe be able to avoid appraisals as long as the new loan does not exceed the original loan balance.

Only eligible loans may refinance into the VA streamline refinance.

• The VA (Veterans Administration) does not set the VA streamline rates.
• Banks and lenders base the the interest rate for the new loan on current market conditions.
• The funding fee on the new streamlined loan is only .5%
• Closing cost maybe rolled into the new loan.
• You can have an increased interest rate, compared to current market conditions, in order to allow the lender to pay the closings cost if no equity is available to cover the cost in the new loan.  However, the rate must lower than the current VA home loan market rate.
• You cannot get cash from the new loan. You maybe able to get up to $6000 for certain energy efficiency upgrades on the property.
• You must have originally occupied the home.
• You may refinance from the original 30 year term to a 15 year term but your payment may be higher and you may be require to income qualify for the new loan.

Simple, fast and easy to use rate quote forms.

No Social Security or Military ID needed to request quotes.

Rate quotes provided by VA lending approved Banks and Lenders.

Request A Streamline Quote!