VA Streamline Refinance Loans to Eliminate Appraisal Requirement

VA Streamline Refinance Loans to Eliminate Appraisal Requirement

Several lenders will soon lift the appraisal requirement on VA Streamline Refinance Loans, opening the door to many more Veterans who are aiming to take advantage of historically low mortgage rates.

Although VA has technically never required an appraisal on a VA Streamline Refinance Loans, lenders have had additional requirements over the past several years, called "overlays," that have required an appraisal in many cases. Although we have continued to be able to help many Veterans, some were not able to take advantage a lower rate and payment, despite a clean pay history, stable employment, and good credit.

So what does this mean for me?

This policy-shift means that we will now be able to help any Veteran who wants to lower their rate and payment. VA Streamline Refinance Loans will now be available to every Veteran even if you are underwater on your VA Loan.

You must be on time with your payments currently, and must be working, but income documentation (paystubs, W2s, tax returns) are not required on VA Streamline Refinance Loans.

We currently are offering a no closing cost option to help Veterans benefit from day one on VA Streamline Refinance Loans, eliminating a "break even" period to recover loan costs.

With interest rates at the lowest level in the history of our country, now is the time to take advantage of VA Streamline Refinance Loans to lower your rate and payment with no appraisal.

To find out more about VA Streamline Refinance Loans and other Veteran loans, visit our VA friendly website, VA Home Loan Help!

VA Streamline Refinance Loans to Eliminate Appraisal Requirement