A VA Streamline Refinance can save you more
More than a home loan. A lot more.
No appraisal, PMI, or closing costs1
No income or asset verification required
Rates as low as % (
% APR)2
Choose an award-winning VA Streamline Refinance
A PenFed VA Streamline Refinance is recognized by Money Magazine as “Best for Competitive Rates,” saving you even more! A VA Streamline Refinance is also known as an Interest Rate Reduction Refinance Loan (IRRRL). It's a fast and easy way to reduce your interest rate and monthly payment.
Or, refinance to access your home's equity
A VA Cash-Out Refinance lets you turn your home's equity into cash for any purpose. Make home improvements, consolidate your high-interest debt. and more.
Mortgage Knowledge Center
The Streamline Advantage
With a VA Streamline Refinance, there are $0 Closing Costs2
No Title Fees
No Recording Fees
No Credit Report Fees
No Flood Certification
No Tax Service Fees
No VA Funding Fees
No Transfer Taxes
Additional Information
A VA Streamline Refinance does not require a property appraisal.
A funding fee may be required, but you could qualify for an exemption; please visit the U.S. Department of Veterans Affairs for more information.
Mortgage Knowledge Center
Refinance Payment Calculator
See how much you could save each month, based on your current loan balance, refinance rate, and term.
The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
Free eBooks Download
EBOOKS
Buying a Home
Selling Your Home
Refinancing Your Home
FHA Loans 101
VA Loans – Everything You Need to Know
Home Equity Line of Credit (HELOC)
EBOOKS
Buying a Home
Selling Your Home
Refinancing Your Home
FHA Loans 101
VA Loans – Everything You Need to Know
Home Equity Line of Credit (HELOC)
Disclosures
1VA Streamline Refinance: Closing Costs covered are Credit Report Fees, Flood Certification, Tax Service Fees, VA Funding Fees, Title Fees, Recording Fees, and Transfer Taxes. Other fees & taxes may apply such as Taxes, discount points, pre-paid interest, property taxes, and property insurance, which will be the member's responsibility.
2Except for holidays, rates are updated Monday through Friday at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on discount point, which equals
percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, conforming, fixed-rate loan. Loan amount of $450,000; loan-to-value ratio of 95%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.
VA IRRRL rates quoted do not require an origination fee.
Points are the responsibility of the borrower.
To receive any advertised product, you must become a member of PenFed.
