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VA refinance rates starting at ![]( "30_YEAR_FIXED_IRRRL_VA_ADVANTAGE_RATE")
% (APR ![]( "30_YEAR_FIXED_IRRRL_VA_ADVANTAGE_APR")
%)¹
Affordable home ownership.
No closing costs2
No appraisal
No PMI required
Named "Best for Competitive Rates" by money.com
What is VA Streamline Refinance (IRRRL)
VA Streamline Refinance also known as an Interest Rate Reduction Refinance Loan (IRRRL) is a great way to reduce the interest rate, term and corresponding monthly payments on your current VA loan.
VA Cash-Out Refinance
VA Cash-Out Refinance allows you to refinance your loan while taking advantage of the equity you’ve built. The payout can also be used for home improvements or to pay down debt.
Mortgage Knowledge Center
The Streamline Advantage
With VA Streamline Refinance there are $0 Closing Costs2
No Title Fees
No Recording Fees
No Credit Report Fees
No Flood Certification
No Tax Service Fees
No VA Funding Fees
No Transfer Taxes
Additional Information
VA Streamline Refinance does not require a property appraisal
A funding fee may be required, but you could qualify for an exemption. Please visit the U.S. Department of Veterans Affairs for more information.
Cash-Out Refinance may require additional documentation to verify:
- Self-employment income
- Current liabilities (auto, alimony, credit card, etc.)
- COE
Mortgage Knowledge Center
Free eBooks Download
EBOOKS
Buying a Home
Selling Your Home
Refinancing Your Home
FHA Loans 101
VA Loans – Everything You Need to Know
EBOOKS
Buying a Home
Selling Your Home
Refinancing Your Home
FHA Loans 101
VA Loans – Everything You Need to Know
Disclosures
1Except for holidays, rates are updated Monday through Friday at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on discount point, which equals
percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, conforming, fixed-rate loan. Loan amount of $450,000; loan-to-value ratio of 95%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.
VA IRRRL rates quoted do not require an origination fee.
2VA Streamline Refinance: Closing Costs covered are Credit Report Fees, Flood Certification, Tax Service Fees, VA Funding Fees, Title Fees, Recording Fees, and Transfer Taxes. Other fees & taxes may apply such as Taxes, discount points, pre-paid interest, property taxes, and property insurance, which will be the member's responsibility.
VA fixed Rate
VA Mortgages: For loan amounts from $50,000 to $726,200. If loan amount is higher than $726,200 to $3,000,000, higher rates may apply. Veterans will have greater access when using their no-down payment home loan benefit. Veterans seeking to obtain what are commonly referred to as “jumbo” loans, or Veterans living in higher-cost markets, will no longer be subject to the Federally-established conforming loan limit maximums. After January 1, 2020, Veterans may obtain no-down payment VA-backed loans in all areas of the country, regardless of home prices. The amount of the loan will be determined on available entitlement and the location of the property. See www.benefits.va.gov.
VA IRRRL's transactions not eligible for promotions.
Points are the responsibility of the borrower and not covered in promotions.
To receive any advertised product you must become a member of PenFed.
