Veterans Have a Major Advantage When Refinancing
The VA Streamline Refinance (IRRRL) allows veterans and service members to refinance a current VA mortgage to a lower interest rate with minimal paperwork and hassle.
- No appraisal
- 640 Min FICO
- No income documentation required (except when principle and interest (P&I) will increase 20% or more)
- No assets (unless funds are required to close)
- If subordinate financing is remaining in place, the maximum combined loan-to-value (LTV) ratio is 120%
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.