Fast-Track Refinancing
FHA Streamline & VA IRRRL Refinance
Fast-track refinancing for FHA & VA loans: No appraisal, no income verification, close in 20-30 days. Lower your rate with minimal paperwork.
NMLS 1577754 • Licensed in NJ, NY, PA, CT, MD, OH, GA
Streamline Refinance Programs
FHA Streamline
No appraisal required - Saves $400-$600
No income verification - No W-2s or tax returns
Faster processing - 20-30 days vs 30-45 days
Lower closing costs - Minimal documentation
Roll costs into loan - No out-of-pocket closing
Requirements:
- • Current FHA loan (can't be on another loan type)
- • 6 months of on-time payments
- • Net tangible benefit (lower rate or payment)
- • Credit score 580+ (for best rates)
VA IRRRL
No appraisal - Exception for current VA loans
No income docs - Employment not verified
No credit check - Often not required
No VA funding fee - For disabled veterans
Recoup costs in 36 months - Break-even requirement
Requirements:
- • Current VA loan (existing VA borrowers only)
- • 6-12 months of on-time payments
- • Lower interest rate OR switch ARM to fixed
- • Closing costs recoverable within 36 months
Benefits vs Conventional Refinance
| Feature | Streamline/IRRRL | Conventional Refi |
|---|---|---|
| Appraisal | Not Required | Required ($400-$600) |
| Income Verification | Not Required | Required (W-2s, tax returns) |
| Timeline | 20-30 days | 30-45 days |
| Paperwork | Minimal | Extensive |
| Closing Costs | Lower ($2K-$5K) | Higher ($8K-$25K) |
Check Your Streamline Eligibility
Have an FHA or VA loan? See if you qualify for fast-track streamline refinancing with lower rates and minimal paperwork.
Jimmy Joseph MBA • NMLS 1577754 • jjoseph@cmghomeloans.com