VA STREAMLINE 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

	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.
	No appraisal is required
	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.
	No Income documentation is required
	No job verification
	Skip up to 2 payments
	Get existing escrow account refunded back to you
	Fast, convenient in-home closings
	Your current mortgage loan must be a VA home loan in order to do a  VA streamline refinance.
	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.