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Interest Rate Reduction Refinance Loan

VA Streamline Refinance

The VA IRRRL, also known as a VA Streamline Refinance, is designed exclusively for veterans with existing VA loans to reduce their interest rate or convert from an adjustable-rate to a fixed-rate mortgage with minimal paperwork and hassle.

Key Program Features

  • No appraisal required in most cases

  • No income verification or credit check required (non-credit qualifying)

  • No out-of-pocket costs - closing costs can be rolled into the loan

  • Low funding fee: 0.5% of loan amount (waived for veterans with

    service-connected disabilities)

  • No mortgage insurance required

  • Can close in as few as 30 days

Eligibility Requirements

  • Must have an existing VA-backed home loan

  • Must wait at least 210 days from first payment date (loan seasoning requirement)

  • Must have made at least 6 consecutive monthly payments

  • No more than one 30-day late payment in the past 12 months

  • Must provide a "net tangible benefit" (at least 0.5% rate reduction for

    fixed-to-fixed)

  • Property must have been (or currently be) borrower's primary residence

VA AUTHORITY

VA Home Loans Made Simple

Serving those who serve — with clarity, speed, and straight answers.

If you’re Active Duty, Veteran, or Military Family, you may qualify for:

  • $0 Down Payment

  • No PMI

  • Competitive Interest Rates

  • Flexible Credit Guidelines

Quick review. No obligation. No impact to your credit score.

Why Leland?

Built on Service. Driven by Integrity.

Leland Locke brings the same commitment from the fire service into every mortgage he handles.

  • Clear communication

  • Fast response times

  • No hidden surprises

  • Real guidance — not just rate quotes

You’re not routed to a call center.

You work directly with a professional who understands urgency and accountability.

Social Proof

Homeowners Served With Confidence

Not affiliated with or endorsed by any government agency.

Homeowners should understand that refinancing may result in higher finance charges over the life of the loan.

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