VA 15 Year Fixed Streamline Loan

VA 15-Year Fixed Streamline Loan (IRRRL)

The VA 15-Year Fixed Streamline Loan (IRRRL) is designed for veterans and military families who want to build equity faster and pay off their home sooner while benefiting from competitive interest rates.

Faster Payoff and Lower Interest

This loan offers lower interest rates compared to the 30-year fixed loan, helping you save money over the life of the loan while paying off your home in half the time.

  • Build equity quicker
  • Lower total interest paid
  • Fixed interest rate for predictable payments
  • No private mortgage insurance required

Loan Benefits and Flexibility

  • 100% financing available with no down payment
  • Flexible credit guidelines (No Minimum Score) for veterans
  • No prepayment penalties – pay off early anytime
  • Available for purchase and refinance

VA 15-Year Fixed Streamline Refinance Loan (IRRRL)

The VA Streamline loan (Interest Rate Reduction Refinance Loan) is an excellent choice for veterans looking to maximize their VA benefits. If you already have a VA loan, this program allows you to lower your monthly mortgage payment—though total finance charges may be higher over the life of the loan.

The streamlined underwriting process bypasses income verification and appraisal. Because you already have a VA home loan, you qualify based on existing VA benefits and can close with no out-of-pocket expenses.

Costs associated with the IRRRL can be rolled into your existing loan, eliminating upfront expenses. Streamline loans are available for both owner-occupied and VA-guaranteed investment properties.

Note: If your new monthly payment increases by more than 20% compared to your current payment, income qualification will be required.

Additional Benefits Through the VA Homeowner Program

  • No pre-payment penalties
  • 100% financing available
  • No appraisal needed for streamline refinances
  • No income verification required for streamline refinances
  • A thorough benefits analysis to ensure the program is advantageous
  • Up to two months of deferred mortgage payments
  • Receive an escrow refund, including taxes and insurance paid up to date. VA Help Center will rebuild your escrow balance by contacting your county and homeowner’s insurance on your behalf

Energy Efficient Mortgage (EEM) Upgrade

Make your home more energy-efficient and comfortable by financing energy-saving improvements through the VA EEM program.

  • Up to $6,000 available for energy upgrades
  • Includes solar panels, insulation, HVAC systems, and more
  • Combine with purchase or refinance loans

CLICK HERE TO APPLY NOW
CALL NOW: (801) 871-3739

Questions? Contact VA Help Center to learn how the VA 15 Year Fixed Streamline Loan can fit your home financing goals.

Notice: It’s important to note that total finance charges may be higher over the life of the loan.