VA STREAMLINE REFINANCE

    Benefits
  • Skip 2 mortgage payments
  • Your existing impound account will be refunded to you
  • Appraisal may be required.
  • No out of pocket or upfront money
  • No income verification
  • No job verification
  • Credit report may br required
  • No debt ratios
  • No termite report
  • Property does not have to be owner occupied
  • All closing costs will be included in your new loan
  • We will come to you for the closing
  • No prepayment penalty

    Requirements
  • Your mortgage must be current
  • The mortgage to be refinanced must be a VA loan
  • You can have only one (30) day late on your mortgage in the past 12 months
  • When going from a fixed 30 year to a new fixed 30 year loan your interest rate and payment must go down.
  • You can go from a 30 year fixed to a 5 year ARM and vice versa
  • Maximum proceeds to the borrower: $500
  • If you are receiving VA Disability Benefits you will not pay the VA Funding Fee
  • You can choose from a 30 or 15 year fixed rate or 5 year ARM