• Nichole Fox

What is a VA Streamline?


In an effort to help veterans secure the lowest fixed interest rate available, the VA started an Interest Rate Reduction Refinancing Loan (IRRRL) program called the VA Streamline Refinance. This loan option is a way for veterans who currently have an existing VA loan to lower their interest rate with very little or no out-of-pocket costs. A VA Streamline Refinance is done with very little effort and can help veterans start saving immediately.


The Benefits of a VA Streamline Refinance are as follows:

  • No appraisal required

  • Reduced credit score standards

  • No disclosure of income or assets

  • No monthly mortgage insurance

  • Only a 0.5% funding fee on all interest reduction loans

  • No out-of-pocket costs

  • Opportunity to defer two months mortgage payments

  • Up to $6,000 available for Energy Efficient home improvements

The same basic rules apply. Your refinance must result in a lower interest rate, or you must switch from an ARM to a fixed-rate mortgage, and no cash out is permitted. To qualify for a VA Streamline, individuals must meet certain credit requirements, have an up-to-date existing mortgage, no more than one 30-day late payment within the last year, income documentation and employment verification.


To find out if a VA Streamline loan is the best option for you, please call 888-659-0033 and talk with one of our experienced loan officers.

(888) 659-0033

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 All Rights Reserved. We are not affiliated with any government agencies, including the VA, FHA, or HUD.   CA - Loans will be made or arranged pursuant to Bureau of Real Estate License #01984665; CO Mortgage Company Registration 100054512, Regulated by the Division of Real Estate; Florida MBR License #2065. GA Residential Mortgage Licensee; Mortgage Lender License #70335. Regulated by the Bureau of Financial Institutions, Virginia Mortgage Lender License and Mortgage Broker License #MC-7043.  Click on these links to access our Privacy Policy. Licenses, and NMLS Consumer Access - NMLS #1439059. This offer is intended for residents of CA, CO, FL, GA, TX, and VA only.

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*Product offered is a loan and lender will place a lien on subject property. Borrower is responsible for paying property taxes, homeowner's insurance and home maintenance. Loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and to comply with loan terms. Loan Officers' primary objective is to provide a loan to the consumer. Individuals portrayed in photography are not actual borrowers.