VA and FHA Streamline Refinances Explained
If you currently have a VA or FHA loan, you may be able to lower your interest rate, reduce your monthly payment, and skip two mortgage payments without the hassle of an appraisal or full documentation. A Streamline IRRRL (VA) or FHA Streamline Refi lets eligible homeowners refinance quickly with minimal paperwork and no out-of-pocket costs, since fees can be rolled into the new loan. These programs are designed for one thing: helping homeowners secure better terms without income verification or home equity requirements. For example, a veteran with a 7.25 percent rate could refinance into a 6 percent rate, save $300 plus monthly, and transition smoothly into their new payment. If you want to explore whether you qualify or want to run scenarios, Iâm here to help. Drop your questions in the comments or message me directly.