VA Refinance (IRRRL) | Bay Equity Home Loans

VA Home Loan Refinance

Designed to better serve
those who serve us.

What is a VA streamline refinance?

Or maybe you’re asking what is a VA IRRRL? Well, to answer both, a VA streamline refinance is an interest rate reduction refinancing loan (IRRRL) designed to support past and present military service members in refinancing their homes. This special program is for homeowners who already have a VA loan but would like to refinance that mortgage with a lower interest rate.

What are the benefits of a VA refinance?

  • No home appraisal required
  • No mortgage insurance required
  • Minimal documentation and approval requirements
  • Use the lower interest rate to get a lower monthly payment or turn the equity in your home into cash

What are the current VA refinance rates?

Interest rates for VA home loan refinancing change all the time based on market trends. While we can’t guarantee your specific percentage here and now, talk to one of our loan officers to lock in your exact interest rate.

How do I qualify for a VA refinance?

Qualifying for a VA streamline refinance takes more than military service. Although it’s certainly a base requirement (unremarried surviving spouses are also eligible), you will need to have served the equivalent of one of the following terms:

  • 90 days of active service during wartime
  • 181 days of active service during peacetime
  • Six or more years of service in the National Guard or Reserves

Talk to one of our loan officers to talk about your VA refinancing options today.

Loan Calculators

Use the calculator links below to help plan your home purchase or refinance.

Please note, the results are only estimates. Talk to your Loan Officer to get an official figure. We're here to get you home.

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