VA Streamline Refinance
Easy, Fast, and Hassle-Free
Updated: January 29, 2026
VA 30-Year Fixed Rate
5.25% (5.4% APR)
VA 15-Year Fixed Rate
4.75% (5.0% APR)
*Scenario: loan amount of $400,000-660 FICO-95%LTV- SFR-CA.
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Why Choose a VA Streamline Refinance?
- No employment verification needed
- No income documentation needed
- No appraisal needed
- No upfront costs
- Available to those with low to fair credit
How are the VA Streamline Refinance Rates?
- Thanks to the backing of Dept. of Veterans Affairs they enable lenders offer lower interest rates versus traditional mortgage.
- Rates vary based on loan size, credit score, home value and property type.
How does the VA Streamline work?
Already have a VA home loan? You’re eligible.
Skip the paperwork — No W-2s, pay stubs, or tax returns.
Skip the appraisal — Save time and money.
Apply directly— Easy access to VA-backed low rates
VA Streamline Pros & Cons Snapshot
Pros
- No income documentation required
- No employment verification required
- No appraisal required
- No out-of-pocket costs
- FICO score can be lower than a 620
- $6,000 cash back for energy-efficiency improvements
Cons
- Current loan must be a VA home loan
- No cash-out over $500
- New loan must have a lower rate or shorter term
- Waiting Period of 210
- Funding fee of 0.5%; Waived if VA has 10% or more disability rating
How to qualify for a VA Streamline Refinance
To be eligible for a VA Streamline Refinance:
You must currently have a VA home loan
Zero 30-day late payment in the past six months
Only One 30-day late payment in the past 12 months
The property is still owner-occupied
The refinance must reduce your rate or shorten the term, or converting an ARM to a Fixed-Term.
The existing VA loan must have been open for at least 210 days (7 months)
It’s a great time to talk to a VA loan specialist when you’ve made at least 6 payments.
Contributed by: Victor Santos NMLS#888844 Onpoint Mortgage Pro NMLS #2134550
Victor Santos is a licensed mortgage loan officer with over 20 years of experience. He has spent many years assisting homeowners and home-seekers in obtaining the optimal solutions for their mortgage needs.
OnPoint Mortgage Pro licensed in:
CA, CO, ID, FL, MD, NH, SC, TX, VA.
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