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Looking to refinance your VA loan? A VA loan streamline refinance might be the best option for you. It's a fast and affordable way to refinance your VA loan with no credit score requirement, income verification or bank account verification. Also called the Interest Rate Reduction Refinancing Loan (IRRRL), it allows both active service members as well as veterans to refinance their VA loan with the least amount of hassle possible.
Your loan officer can spell out all the paperwork and help you decide if a streamline refinance is right for your situation. If your streamline loan rate is not 1-2% lower than your existing VA loan, it might not be worth changing loans.
Yes, although you need to certify that you've previously used the property as your home. The VA streamline refinance is a VA to VA loan, and residency requirements are a little different. However, qualifying is easier if you are the primary resident.
As with most big financial decisions, the first step is gathering information and shopping around. We'll help you get the process started by matching you with up to five rates from five lenders, ensuring you find a great fit.
Find out about the Streamline Refinance. A fast and affordable way to refinance your VA loan with no credit score requirement, income verification or bank account verification.
For service members and veterans who qualify, a VA home loan is one of their most valuable benefits and a no-brainer over other, traditional mortgage types. If you qualify, you can buy or build a home, or refinance an existing home mortgage. This section offers information on the VA loan process.
The VA offers home loan programs to help veterans buy, build or renovate a home or refinance your current home loan. Here are some tips to help you through the VA Loan process.