California VA Streamline Refinance: California VA IRRRL Program
For veterans who are interested in the California VA streamline refinance, it is important to first know that with the VA streamline refinance, closing costs like title, escrow and processing are typically financed into loan so veterans don’t have to come “out of pocket” to pay for the lending fees. The VA streamline loan guarantees discounted lending fees and in some cases veterans may qualify for a “no point no fee” refinance that increases the loan benefits even more.
VA streamline refinancing simplifies the loan process significantly because many times the appraisal requirement is waived or reduced to a URAR appraisal. Homeowners with existing VA loans can take advantage of improved interest rates when market conditions translate to lower mortgage rates.
What is the VA home loan limit?
Even though, technically there is no written maximum loan limits for VA mortgage loans, most VA lenders set the limit to match Fannie Mae and Freddie Mac’s conforming limits which range from $417,000 to $729,750 depending upon the county where you live.
California VA Streamline Refinance Highlights:
- Mortgage Refinance to 100% Loan to Value
- Guaranteed Low Rates for Veterans
- Streamline Refinance for Fixed Rates
- 30 Year Fixed Streamline Loans
- Bad Credit Allowed with Good Mortgage History
- No Cost Home Refinancing
Contact A VA Streamline Expert Today At The Nations #1 Direct VA Purchase Lender!