IRRRL Information
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 Streamline Refinance in Washington DC
VA IRRRL Refinance Information
Do you currently have a VA loan in Washington D.C. and are searching for more information about the VA IRRRL program? You have found the right site! We have organized all kinds of information about the VA IRRRL program so that you can find out if you can save money each month on your mortgage by participating in the VA IRRRL program. Should you still have questions, you can call our toll-free number to be connected to a loan officer who specializes in helping people with their VA IRRRL loan program needs.
VA IRRRL Refinance Highlights
- No asset documentation required
- Income doesn't matter
- No appraisal is required
The VA IRRRL: Qualifying Is Easy
There are some simple criteria for qualifying for the VA IRRRL program. First, the interest rate on your new loan must be lower than the interest rate on your old 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
VA Streamline Benefits
$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.