• EXPERIENCE MATTERS: With over 50-years combined lending experience, Joe and Eric Metzler are your VA home loan experts.
  • Understanding the VA Streamline Refinance Loan

    The VA STREAMLINE REFINANCE loan, officially known by the VA as an IRRRL (Interest Rate Reduction Refinance Loan) is one of the easiest mortgage loans around.

    If you have an existing VA home loan on a property in Minnesota, Wisconsin, Iowa, South Dakota, or North Dakota, we can help you refinance your current VA loan to a lower interest rate, or to maybe refinance your adjustable rate mortgage to a new fixed rate loan quickly with minimal paperwork, and almost always without needing an appraisal.

    How cool is that?

    The Benefits of a VA Streamline Refinance Loan

    The VA IRRRL loan is probably one of the easiest refinancing processes you will find anywhere.

    • Lower your monthly mortgage payments
    • Typically no, or very minimal costs out of pocket 
    • In many cases, there is no appraisal which saves $400 - $600 on appraisal fees.
    • No mortgage insurance on the refinance loan - just like on your existing VA Loan 
  • To Qualify for a VA IRRRL Loan

    There are a few requirements to qualify for this streamline refinance loan.

    • It must be more than 210 days since the first payment was due on your current VA loan
    • You must be lowering your interest rate, or switching from an adjustable to a fix rate loan
    • The break even time for recovery of the new loans closing costs must be less than 36 months.


  • Reduced Loan Documentation Requirements

    The VA streamline refinance is just as it's name implies... It is streamlined, meaning reduced documentation requirements.

    Typical documents for getting a home loan generally don't apply:

    • No income documents
    • No appraisal