The Modern Refinance
FHA & VA STREAMLINE.
Lower your rate and monthly payment without the appraisal, income verification, or heavy paperwork.
CHOOSE YOUR PROGRAM.
These programs are exclusively for homeowners who currently have an active FHA or VA loan.
FHA Streamline
Perfect if you currently have an FHA loan and want to drop your monthly MIP or interest rate.
Net Tangible Benefit
Must reduce your total payment (Interest + MIP) by at least 0.5%.
Seasoning Rules
At least 210 days must have passed since your last closing, and you must have made 6 on-time payments.
No Appraisal
Even if your home value has decreased, you can still refinance because no new appraisal is needed.
VA IRRRL
The "Interest Rate Reduction Refinance Loan" is an exclusive benefit for Veterans and active military.
Lower Funding Fee
Unlike purchase loans, the IRRRL funding fee is a flat 0.5% (and may be waived for disabled vets).
Occupancy Flexibility
You only need to certify that you used to live in the home. Great for rental conversions.
Recoupment Rule
VA guidelines typically require the costs of the loan to be recouped within 36 months of savings.
SIDE-BY-SIDE COMPARISON.
| Feature | FHA Streamline | VA IRRRL |
|---|---|---|
| Credit Check | Usually Not Required | Usually Not Required |
| Appraisal | None Needed | None Needed |
| Income Proof | None Needed | None Needed |
| Mortgage Insurance | Monthly MIP Stays | Zero Insurance Fees |
| Cash Back | Max $500 | No Cash Back |
KEY QUESTIONS.
Can I roll the closing costs in?
Yes. Most clients choose to roll their closing costs and funding fees into the new loan balance, meaning you bring zero money to the closing table.
What is a "Net Tangible Benefit"?
The government requires that these loans actually help you. This usually means a specific drop in interest rate, a lower monthly payment, or moving from an unpredictable Adjustable Rate (ARM) to a stable Fixed Rate.
How fast is the process?
Because we skip the appraisal and income verification, we can often close these loans in 2–3 weeks, compared to 45 days for a traditional refinance.
Ready to Lower Your Payment?
Let's check your current loan and see how much you could save this month.
Check Eligibility Now