FHA & VA Streamline Refinance
If you already have an FHA or VA loan, a streamline refinance can be the simplest way to lower your rate or switch from an adjustable to a fixed rate.
FHA Streamline
- For borrowers with an existing FHA loan who are current on their payments
- Reduced documentation, and often no appraisal
- The refinance must give you a real benefit, such as a lower payment
VA Interest Rate Reduction Refinance Loan (IRRRL)
- For borrowers with an existing VA loan
- Little paperwork, and often no appraisal
- Closing costs can usually be rolled into the loan
- Must lower your rate or move you from an adjustable to a fixed rate
Lender requirements can go beyond the FHA and VA minimums, so we'll compare options for you.