VA Streamline Refinance (IRRL) for VA Loans

You are pre-approved for a Streamline Refinance if: 

  •  Have a VA loan?
  •  No mortgage lates in the past 12 months?
  •  Had your loan for more than 90 days?
  •  Want to lower your payment?

What is IRRL?? It is the single largest benefit of your VA loan which allows you to streamline Refinance your VA loan.


  • VA Streamlines don’t require proof of income or assets. Lost your job? No savings? Doesn’t matter, you are still entitled to a refinance.
  • VA Streamlines don't care about your new credit problems: collections, judgments, liens mortgage payments as long as your minimum credit score is 600.
  • VA Streamlines don't require money to close escrow! You can even receive up to $500 cash back at closing!
  • VA loans never pay a prepayment penalty; so you’re free to refinance at any time during the entire loan term with no extra cost.
But wait there is more:

VA Streamlines allow you to skip your next month’s mortgage payment!
  • Closing costs are far less than when you purchased- some fees are waived or discounted. All closing costs can be financed.
  • Your old escrow reserve account (taxes and insurance impounds) will be closed and a cash refund will be sent to you after closing!
  • Your Streamline can close in as little as 20 days from your full application.
  • Documentation is easy! Only the following is required to underwrite your loan:
    1. Driver’s license/SS card
    2. HUD-1 Closing statement
    3. Deed of Trust
    4. Mortgage statement
    5. Mortgage Note
    6. Insurance information
    7. DD214

Don’t have your Certificate of Eligibility? No problem. Submit the above documents and we’ll pull your COE electronically from VA.

Why use a VA Streamline Refinance?

The two main reasons to use a streamline is 1) to reduce your interest rate or 2) to change loan programs, such as from a 30 year term to 15 year term (or vise versa), or from an adjustable rate to fixed.  If you are interested in a cash out VA refinance, you would need a full appraisal and a full qualification with the new guidelines. Either way a BankerBroker is always ready and happy to assist you with your loan request. Helping you since 1991, call 949-244-1880