Lower your Interest Rate and Save Thousands
with VA Streamline Direct.com


What is the history of the VA and FHA Streamline Programs?


In the early 1980's, the government launched one of the best refinance programs available - the Streamline program, which allows anyone with an FHA or VA loan to lower their rates at any time to the lowest rates available, with no credit checks, using their original paperwork! This means that millions of Americans have the opportunity to drastically lower their monthly payments and literally cut thousands of dollars off of their mortgage!

The term "streamline" refers to the limited amount of documentation and underwriting that needs to be performed by the lender. The majority of this paperwork is already completed and only needs to be resubmitted to qualify for the refinance, which in essence "streamlines" the refinance process.


What are the requirements for a VA streamline?

The only basic requirement of a streamline refinance is that you can't have any payments over 30 days late in the last 12 months. (That means that if you've had any late payments under 30 days, you still qualify!)


Is there anything else I need to know about refinancing a VA mortgage?

As with all loans, there are a few things that you can and can't do with a VA Streamline. If you currently have a 15 year fixed VA or FHA loan, you can refinance to a 15 or a 30 year fixed. You can't take money out through a streamline refinance, and you can't refinance to a higher rate than you currently have.

How long does a streamline refinance typically take?

A typical streamline loan takes between 25 to 45 days to complete, depending on the time of the month that you lock in your rate.


When is my rate actually locked?

Your rate is considered locked when the loan officer has personally verified your mortgage information and intent to refinance. Once your rate is officially locked, you have a limited number of days to provide the required paper work and information before the lock is lost. During the rate lock period your interest rate can not go up. However, if interest rates drop during the application period we will make every effort to refinance your VA mortgage at the lower rate.


Why aren't variable rates show for VA loans?

Because variable rates have not yet been approved for VA Streamline loans.



How accurate are the interest rates shown on this site?

We keep the rates as up to date as possible each day. However, the rates shown are subject to banking holidays and available information provided by the lenders themselves.


Why go to such lengths to provide the best VA streamline rates?

That's simple. We want you to tell your family, friends and associates, just how much you saved and how easy it was to refinance your home loan with VA Streamline Direct.com


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