VA 30 Year Fixed Streamline Loan
VA 30-Year Fixed Streamline Refinance Loan (IRRRL)
The VA Streamline Refinance Loan (IRRRL) 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!
The streamlined underwriting process for VA IRRRLs bypasses the need for income verification and an appraisal. Because you already have a VA home loan, you qualify for this program based on your existing VA benefits and can close with no out-of-pocket expenses.
Any costs associated with the interest rate reduction refinance loan can be rolled into your existing loan, eliminating upfront expenses. Streamline loans are available for both owner-occupied and investment properties, as long as they are VA-guaranteed.
Key Benefits of the IRRRL
- Lower your interest rate and monthly payment
- No appraisal or income verification required
- No minimum FICO score
- Fast and streamlined underwriting process
- No out-of-pocket expenses — closing costs can be rolled into the loan
- Available for both owner-occupied and investment properties (VA-guaranteed)
Additional Features
- No prepayment penalties
- Up to two months of deferred mortgage payments available
- Escrow refund assistance for taxes and insurance paid to date
- A thorough benefits analysis to ensure the program is advantageous
- Receive an escrow refund, which includes 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.
Ready to lower your mortgage payments and simplify your refinance? Contact VA Help Center today to learn more about the VA 30-Year Fixed Streamline Refinance Loan and how it can benefit you.
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CALL NOW: (801) 871-3739
Questions? Contact VA Help Center to learn how the VA 30 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.