FHMC Web Content Viewer (JSR 286)

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VA Streamline Refinance

FHMC Web Content Viewer (JSR 286)

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FHMC Web Content Viewer (JSR 286)

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If you have a VA loan on your home right now, you may qualify for a new refinance mortgage that serves your needs better. If you get a VA Streamline Refinance, the process of refinancing may be faster and easier than you’d expect, especially if you are not looking to obtain cash out.

A VA Streamline Refinance, also known as an Interest Rate Reduction Refinance Loan (IRRRL), features:

  • Less paperwork
  • No home appraisal
  • Faster closing

 

Another popular feature of a VA Streamline Refinance is that it can reduce your interest rate so you can lower your monthly payments and save money over the life of your loan.

You can also use a VA Streamline to refinance an existing VA adjustable rate mortgage (ARM) to a fixed-rate loan, even if it does not result in a lower interest rate.

However, you cannot get cash from this type of loan. If you need extra cash for expenses, you may want to consider a VA Cash Out Refinance.

You will need to contact a VA-approved lender to see if you qualify for a VA loan refinance. Your lender will look at your credit score, income and other factors to determine this. As a VA-approved lender with more than 25 years of experience, Freedom Mortgage can help you understand the benefits and requirements of a VA Streamline Refinance mortgage.

VA Loan Eligibility

Before you can obtain a VA refinance mortgage, you need to determine your VA loan eligibility. If you have served or are now serving in the Armed Forces, the Reserves/National Guard, or if you are a surviving spouse of a Veteran, you can request a Certificate of Eligibility (COE) for a VA loan refinance.

Freedom Mortgage can help you apply for a COE, or you can contact the Veterans Administration directly.

Find out more about the VA Streamline Refinance program. Call Freedom Mortgage today; we are available to help you take advantage of the benefits you have earned.

 

 

 

FHMC Web Content Viewer (JSR 286)

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FHMC Web Content Viewer (JSR 286)

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- Apply Now -

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OR
Refinance

855-690-5900

 

FHMC Web Content Viewer (JSR 286)

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