Interest Rate Reduction Program
VA Streamline
Program
The VA IRRRL, also known as a VA Streamline, is designed exclusively for veterans with existing VA-backed homes to reduce their interest rate or convert from an adjustable-rate to a fixed-rate with minimal paperwork and hassle.
Key Program Features
- No appraisal required in most cases
- No income verification or credit check (non-credit qualifying)
- No out-of-pocket costs — closing costs can be included
- Low funding fee: 0.5% (waived for veterans with service-connected disabilities)
- No PMI required
- Can close in as few as 30 days
Eligibility Requirements
- Must have an existing VA-backed home
- Must wait at least 210 days from first payment date (seasoning requirement)
- Must have made at least 6 consecutive monthly payments
- No more than one 30-day late payment in the past 12 months
- New terms must provide a net tangible benefit (lower payment)
- Property must have previously been your primary residence (investment properties may qualify)
Simple Process
How It Works
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Step 1: Check Eligibility
Takes 2–3 minutes. No credit impact to check eligibility. Secure & confidential.
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Step 2: Leland Reviews
We review your current situation and identify your potential savings and options.
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Step 3: Close Fast
With minimal paperwork and no appraisal in most cases, you could close in 30 days.
Take Action
Ready to Lower Your VA Payment?
Takes 2–3 minutes. No credit impact. Secure & confidential.
Available Monday–Friday 8AM–6PM · Saturday by appointment