VA Loans
It's never been easier to refinance using your VA loan benefit. Our streamlined process allows you to lower your monthly payment or take cash out of your home with very little work and no money out of your pocket.
A VA streamline is a quick and easy way to lower your rate and save you money. What is a VA Streamline Refinance (IRRRL)? An IRRRL is the VA's Interest Rate Reduction Refinancing Loan. It is also referred to as a VA Streamline Refinance. This is a type of loan that refinances your existing VA mortgage into a new VA loan with a lower interest rate. Or if you have an adjustable rate mortgage you can replace it with a fixed rate loan.
In order to qualify for an IRRRL, the VA requires that if you already have a fixed rate you should only refinance to a lower rate. But if you have an "ARM," or an adjustable rate mortgage, you can refinance to a fixed rate even if it doesn't lower your interest rate.
Benefits include:
- No out-of-pocket costs
- In some cases, no appraisal required
- No income verification required to qualify
- Lower your rate with only 0.5% funding fee!
It's never been easier to refinance using your VA loan benefit. Our streamlined process allows you to lower your monthly payment or take cash out of your home with very little work and no money out of your pocket.