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.