Streamline Refinance
The VA Streamline loan is an excellent choice for veterans looking to maximize their VA benefits. If you already have a VA loan, this program allows you to lower your monthly mortgage payment—though it’s important to note that total finance charges may be higher over the life of the loan.
The streamlined underwriting process for VA IRRRLs (Interest Rate Reduction Refinance Loans) bypasses the need for income verification and an appraisal. Because you already have a VA home loan, you qualify for this program based on your existing VA benefits and can close with no out-of-pocket expenses.
Any costs associated with the interest rate reduction refinance loan can be rolled into your existing loan, eliminating upfront expenses. Streamline loans are available for both owner-occupied and investment properties, as long as they are VA-guaranteed.
Benefits of a VA Home Loan (VA 30-Year Fixed)
The VA 30-Year Fixed program, established by the Department of Veterans Affairs, is designed to support veterans, service members, and military families. This program offers some of the lowest 30-year fixed rates available, with the added benefit of 100% financing.
If you already have a VA home loan and want to secure a lower 30-year fixed rate, you can do so through an interest rate reduction refinance loan, provided it benefits you.
VA Help Center’s mortgage specialists are here to answer your questions and help you understand your benefits. We ensure that the program you select meets VA guidelines and provides tangible benefits to you as the homeowner.
Additional Benefits Through the VA Homeowner Program
- No pre-payment penalties.
- 100% financing available.
- No appraisal needed for streamline refinances.
- No income verification required for streamline refinances.
- A thorough benefits analysis to ensure the program is advantageous.
- Up to two months of deferred mortgage payments.
- Receive an escrow refund, which includes taxes and insurance paid up to date. We’ll rebuild your escrow balance by contacting your county and homeowner’s insurance on your behalf.
VA 15-Year Fixed
The VA 15-Year Fixed Program is designed for veterans who want to pay off their homes faster. VA Help Center offers some of the lowest interest rates available for this 15-year program.
Military homeowners who choose the 15-year VA guaranteed program can build equity more quickly while significantly reducing the interest paid over the life of the loan. This option not only helps you pay off your home faster but also enhances your financial stability by increasing your equity at a much faster rate.