Streamline Refinances
If you have an FHA or VA loan, you may qualify for a streamline refinance—a faster, simpler way to lower your rate and monthly payment.
What Is a Streamline Refinance?
A streamline refinance is a simplified refinancing program designed specifically for FHA and VA borrowers who already have loans through these programs. It allows you to refinance into a new loan with a lower interest rate. Often you won't need the typical requirements of a standard refinance.
The key advantage: streamline refinances are designed to be quick and straightforward, with minimal documentation, no appraisal in most cases, and simplified underwriting. If you're looking to reduce your monthly payment or shorten your loan term, a streamline may be the fastest path forward.
FHA Streamline Refinance
If you have an FHA loan, the FHA Streamline Refinance is one of the easiest ways to lower your rate and monthly payment.
No Appraisal Required
In most cases, an appraisal is not needed, saving you time and money.
Faster Process
Streamlined underwriting means your refinance can close in as little as 21 days.
Minimal Documentation
Less paperwork and fewer requirements compared to a standard refinance.
Lower Costs
No appraisal fee and simplified processing reduces your closing costs.
FHA Streamline Eligibility
- Current FHA loan in good standing (no late payments in the last 6 months)
- Loan must be at least 210 days old
- Must result in a net tangible benefit to you (lower payment, shorter term, etc.)
- No cash-out refinance (funds to you are not allowed)
VA Streamline (IRRRL)
VA borrowers have access to the Interest Rate Reduction Refinancing Loan (IRRRL), often called the VA Streamline—a program designed exclusively for veterans to reduce their interest rate and monthly payment.
VA Streamline IRRRL
Interest Rate Reduction Refinancing Loan designed exclusively for VA borrowers to lower their rate and payment.
Fast & Simple
Often requires no appraisal, employment verification, or new credit application.
Quick Closing
Many VA streamlines close in 2-3 weeks with minimal hassle.
Preserve Benefits
Keep your full VA loan benefits for future purchases or additional refinancing.
VA Streamline Eligibility
- Current VA loan in good standing
- Must have owned and occupied the property while on the VA loan
- VA funding fee may apply (typically 0.3%)
- Must result in a benefit to you (lower rate, shorter term, etc.)
See Your Savings Instantly
Use our calculator to estimate how much you could save with a streamline refinance.
How the Process Works
The streamline refinance process at Renew Lending is designed to be quick and hassle-free.
Contact Us
Reach out to one of our loan officers who specializes in streamline refinances.
Review Options
We'll discuss your current loan, rate, and options to show how much you could save.
Quick Application
Unlike standard refinances, streamline applications require minimal documentation.
Fast Underwriting
Streamlined approval process typically takes 1-2 weeks.
Close & Save
Sign your documents and start enjoying your lower payment—often within 21 days total.
Get In Touch
Ready to Get Started?
Contact us today and let's begin your home buying journey together.
Call Us
1-888-958-8877
Email Us
info@renewlending.com
Home Office
1155 West 4th Street, Ste 220
Reno, NV 89503