VA Streamline Refinance
Home Loan

The VA streamline refinance home loan also known as an
interest rate reduction loan is a government backed mortgage program for
active duty and prior service veterans. This program is a fast, simple and hassle free way to
refinance your current VA home loan
to a lower interest rate. Credit qualifying is not required. This means that
even if you have bad credit, as long as you have not had more than 1 thirty
day late mortgage payment in the last 12 months, you will still be eligible
for a VA streamline refinance.
Not only is credit qualifying not required for the VA
streamline refinance program but income documentation, job
verification and appraisals are not required either.
The VA fixed loan rate is at an historic low so if you
currently have an adjustable rate mortgage, now is the perfect time to
refinance into a permanent fixed-rate. Currently, the maximum
VA streamline refinance home loan amount is $417,000.
VA Streamline Refinance Home Loan Features
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VA streamline refinancing lets you refinance your
existing VA home loan with no out of pocket expenses. All
closing cost and pre-paids can be rolled into the loan amount.
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No appraisal is required |
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Credit qualifying is not required, however, your existing mortgage must be current and you can not have had more than one 30-day late mortgage payment within the last 12 months.
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No Income documentation is required
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No job verification |
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Skip up to 2 payments |
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Get existing escrow account refunded back to you
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Fast, convenient in-home closings
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Your current mortgage loan must be a VA
home loan in order to do a VA streamline refinance.
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Cash-out is not allowed on the VA streamline loan but up to $6000 in
energy efficient improvements can be included in the loan amount. If you need cash-out consider a
VA cash-out refinance.
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If you are a first time
homebuyer and eligible for a VA
loan consider the following:
Fact: With a VA home loan you can buy a new home for up to $417,000
with no down-payment and get the same low VA loan interest rate!
Fact:
With a VA loan the seller is allowed to pay all of your closing cost.
What do these VA loan facts mean?
If you are a veteran you can buy a new home for up to $417,000 without
having to pay a down-payment, you can get a great interest rate while paying little or no closing cost! So what are you
waiting for?
First-time Buyers and Move-up Buyers Click Here To Get
More Info and Get Pre-qualified For A
New VA Home Loan Now