VA Loan Benefits: Streamline Refinance

Streamline RefinanceMany people know the benefits that VA Loans have when purchasing a property. No down payment required, no Private Mortgage Insurance, reduced closing costs, among others. But many VA mortgage holders don’t realize that they have another huge benefit. When interest rates drop – VA mortgage holders can easily reduce their rates through a streamline process – also known as the Interest Rate Reduction Refinancing Loan (IRRRL) Program.

The IRRRL Program, or VA Streamline Refinance, allows a current VA mortgage holder to reduce their interest rate without extra requirements needed by conventional mortgage holders.

  • No Appraisal Required
  • No Income Verification
  • No Asset Verification
  • No Out-of-Pocket Expense

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