VA IRRRL (VA Streamline)
A VA IRRRL (Interest Rate Reduction Loan), also known as a VA Streamline, is a refinance with fewer requirements than a traditional VA Cash-Out refinance. This specially-designed program is a quick and inexpensive way for veteran’s with a current VA loan to take advantage of current low rates as well as other benefits which a refinance may deliver. A VA Streamline is an excellent way for veterans and military families to refinance existing VA loans to a lower rate or convert from adjustable to fixed-rate financing without a lot of paperwork or hassles. And unlike many other loan programs, generally no appraisal is required and much less documentation is needed to complete the process.
Call now to learn if you qualify and how much money a VA Streamline loan might save you in monthly mortgage payments.
The VA IRRRL Loan program features:
Purchase loans up to 100% of the value of the home (No down payment needed)
Cash-Out refinance loans up to 100% of the value of your home
No monthly mortgage insurance premiums
Fixed rate mortgages available with various term options
1 to 4-unit primary residences with a purchase or cash-out refinance
Credit scores down to 500
*Other qualifications and restrictions may apply,
Reliance First Capital is not affiliated with any government agencies.