The VA Interest Rate Reduction Program, often called the VA Streamline Loan, was developed back in 1980 to allow current VA mortgage holders the ability to lower their existing interest rate without the need for requalification or typical refinance expenses. 

The VA Interest Rate Reduction Program could be right for you if you are trying to lower your monthly payments, obtain a lower rate or acquire a fixed rate mortgage.  VA Streamline Rates are at an all time low.

Under this program there will be:

 

620 Minimum Credit Score  NO Income Verification NO Credit Underwriting NO Qualifying Debt Ratios NO Appraisal Fee

Part of the process of obtaining a rate reduction will involve having your credit/scores reviewed. It is a good idea to start the process by obtaining a copy of your credit report and scores so you are informed.