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VA Streamline Refinance IRRRL Program

Las Vegas VA Streamline Refinance IRRRL

Lower your mortgage payment with a VA IRRRL.

The Nevada VA Streamline IRRRL Refinance Program helps current veteran home loan borrowers reduce their monthly mortgage payments by lowering their interest rates. Borrowers in Las Vegas seeking to refinance may also be seeking to transition from an adjustable rate mortgage (ARM) to a fixed rate mortgage.

The VA Streamline IRRRL (Interest Rate Reduction Refinance Loan) is a popular refinancing program for eligible VA borrowers due to the streamlined process of qualifying for a new loan, as well as the limited fees or out-of-pocket closing costs.


Refinancing Your VA Home Loan in Las Vegas, NV

The streamline option for the VA Home Loan Program in Las Vegas allows the borrower to refinance easily without having to go through a bunch of paperwork which adds to the popularity of this program.

The benefits of the Streamline VA Streamline IRRRL Refinance Program are:

  • The VA borrower does not have to go through credit qualifications, however your existing mortgage must be current and you must not have had more than one thirty-day late mortgage payment within the past 12 months.
  • The normal underwriting process may not apply.
  • According to the program guidelines, you may not need to send in proof of income such as; w2’s, bank statements, and pay stubs, etc. because as long as you are paying your mortgage payment, they are confident that you will keep it up. But please still check with your professional lender or the lending bank as well.
  • Lenders do not call in with your employer to see if you are currently working there before considering giving you a loan, meaning there may not be verification of income required.
  • In most cases the VA Streamline Refinance Loan may allow you to arrange your refinance loan with no out-of-pocket expenses.
  • Based on program guidelines an appraisal is not required.

The streamline option is made to be smooth and quick (usually not longer than a month in processing time) so that you would not have to worry about the spending much of your time worrying about your VA mortgage refinance.

“The Streamline VA home loan may even allow 103.15% financing without PMI (Private Mortgage Insurance) or a 20% second mortgage as well as up to $6,000 energy efficient improvements.”