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The VA streamline refinance is by far the best VA home loan refinance plan available to veterans. No other VA refinance plan comes close to this refinance program if speed is considered important. While the US government is not typically known for speed or efficiency, this VA refinance plan has both. Like it’s name says, the VA streamline plan can be completed in a short period of time.

This VA home loan refinance plan is government-backed and offered by approved VA lenders. Active duty and prior-service veterans have the chance to refinance their current VA home loan at lower VA refinance rates.. To get lower VA refinance rates, veterans simply have to apply. There are few qualifications required by the VA, there is no income documentation, job verification or home appraisal. Some lenders may require one or more of these, terms differ, so shop around.

Other reason the streamline refinance is such a good VA refinance plan is the ability of the borrower to skip 2 payments. This extra money is often sorely needed and can be used to catch up on bills. This is a great opportunity for veterans to refinance an existing VA home loan at lower VA refinance rates. If you do not qualify, don’t worry, there are other great VA home loan refinance plans, one will be right for you.