Let a streamline refinance save you money!

VA and FHA Streamline Refinance

A streamline refinance (otherwise known as an IRRRL) allows homeowners with a VA or FHA mortgage to easily lower the interest rate to current market rates.


  • No appraisal required.

  • Limited documentation needed.

  • Skip up to 2 payments!



FHA Refinance Things to Know:

  • Must be a net tangible benefit to the borrower

  • Must wait 210 days from first payment date to be eligible

  • Cannot take “cash out”

VA Refinance Things to Know:

  • Borrower must be able to recoup their refinancing costs within 36 months

  • Rate must be reduced by .50% or more

  • Must wait 210 days from first payment to refinance

  • Cannot have been 30 days late on mortgage payments within the last 12 months

  • You may be able to get all closing costs covered by the lender

Extra Items of Note:

  • IRRRL cannot apply to cash-out refinance

  • No loan other than the existing may be paid from the proceeds

  • If there is a second mortgage holder, the institution must agree to subordinate the lien, so the new loan will be the first mortgage

United Mortgage has become one of the area’s premier mortgage lenders by providing exceptional lending experiences since 2007. With a knowledgeable team, a large portfolio of loan programs, low rates and closing costs, and on-time closing guarantee, you can rest assured knowing you are in good hands with United Mortgage!