The VA Streamline Refinance Program is a fast and easy way to lower your payments on a VA mortgage. It's easier to qualify for a VA Streamline Refinance because standard loan verifications are usually not required, plus the credit guidelines are flexible. Another advantage of streamline refinancing is that a home appraisal may not be required. You can get VA refinance mortgage quotes online or by phone today.
Basic Guidelines for a VA Streamline Refinance:
The loan to be refinanced must be a VA mortgage
Must certify that the home was previously owner occupied
Current mortgage payments cannot be delinquent
Refinancing must lower the principal and interest payments
No cash out is allowed on a streamline refinance
VA refinancing with "no money out of pocket" may be an option by including the costs in the new loan or making the mortgage rate high enough to enable the lender to pay the costs. Ask your loanDepot mortgage banker.
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