VA IRRRL – VA Streamline Refinance Program

California VA Streamline Refinance Program

If you’re a veteran residing in California, Pacific Home Loans offers an efficient solution for refinancing your VA loan through the streamlined Interest Rate Reduction Refinance Loan (IRRRL) program. This streamlined process is designed to make refinancing hassle-free, providing eligible veterans with an opportunity to lower their interest rates and achieve significant savings on their mortgage.

No verification of employment or income
No credit score check
No appraisal required – homes that are considered to be “underwater” still qualify!

Apply Online to Get Started

Apply Online

Important “VA to VA Refinance” Loan Features

California VA Streamline Refinance
If you’re a veteran in California with an existing VA loan, the California VA Streamline Refinance, also known as the VA to VA Refinance, presents a streamlined and advantageous opportunity. Pacific Home Loans is dedicated to assisting veterans in making the most of their VA benefits, and the VA Streamline Refinance is designed to provide significant benefits with a simplified process.

No Documentation
Enjoy hassle free experience with minimal documentation requirements. Typically, no appraisal, credit information, or extensive underwriting is needed. The focus is on your clean mortgage payment history for the past 12 months, a credit score above 620, and no outstanding collections accounts or bankruptcy filings in the last 2 years.

No Cash Needed to Close
Experience a refinance with “no cash out of pocket.” All associated costs can all be rolled into the new loan, making it a convenient and cost-effective options for eligible veterans. Veterans entitled to VA disability compensation may also be exempt from the funding fee.

Fixed and Adjustable Rate Mortgages
Choose between Fixed Rate Mortgage and Adjustable Rate Mortgage based on your preferences and financial goals. The Hawaii VA Streamline Refinance provides flexibility in structing your loan.

Lower Interest Rate
Benefit from a lower interest rate compared to your existing VA loan. This streamlined refinance aims to provide veterans with improved financial terms and potentially lower monthly payments.

No Cash Out for Debt Payemnt
While the California VA Streamline Refinance offers the convenience of rolling costs into the new loan, it does not allow for cashing out to pay off debts. The focus is on refinancing the existing VA loan and covering the costs associated with obtaining a new VA loan.

Cash Out for Energy Improvements
An exception allows veterans to utilize the VA Streamline Refinance for cash-out purposes, specifically for energy efficient improvements, with a maximum of $6,000.

Pacific Home Loans takes pride in offering veterans in California a seamless and cost-effective refinancing solution through the VA Streamline Refinance program. If you have questions or are considering leveraging your VA benefits, contact us for a free consultation, and let our team guide you through the process without any application fees. Your financial goals and homeownership dreams are our priority!