
The VA streamline program is also known as the VA IRRRL program - which stands for Interest Rate Reduction Refinancing Loan. Learn more about the VA streamline and other VA loan options from the nation's #1 VA purchase lender, VA Mortgage Center.com now!
Interested in a Loan Modification for your VA loan? Learn more about VA loan modification and what it takes to get help.
VA IRRRL Information
Do you currently have a VA loan in Oregon and are searching for more information about the VA IRRRL program? You have found the right place for more information about the VA IRRRL program. Here, we have organized a number of different articles and information about the VA IRRRL program designed to provide the most up to date information about the program. If you still have questions after reading our site, you can always call us and we will put you in touch with a loan officer who specializes in helping people with the VA IRRRL program.
VA IRRRL Refinance Program Overview
Oregon VA IRRRL Program: Qualification Criteria
The first criteria for qualifying for the VA IRRRL program is that the new interest rate on the proposed loan must be lower than the interest rate you have on your current VA loan. Second, the amount of principal and interest that you pay on your new loan must be less than what you were paying on your old loan. Lastly, you must have paid the last 12 months of mortgage payments on time in order to be eligible.
Call Now To Qualify For The VA IRRRL Program! 888-448-2669
$0 Down
VA loans allow you to finance 100% of the home's value and purchase with $0 down. FHA programs require 3.5% down and other programs require as much as 20% down.
Lower Monthly Payments
VA loans don't require mortgage insurance which saves you money each month. You will also get generally lower rates with a VA Loan.
Easier to Qualify
As many as 80% of veterans and active-duty military members could not have qualified for a conventional loan.
Fixed Rates
Most Veterans choose going with a 30 year fixed rate so they know that their rate won't adjust to the point where they can no longer afford their home.