VA Streamline Mortgage Quote

The VA IRRRL (Interest Rate Reduction Refinance Loan) or “Streamline Refinance” allows VA borrowers to take advantage of all time low VA interest rates. The Streamline Refinance was developed by the Department of Veteran’s Affairs (VA) and has been around since the early 1980’s. This program is strictly regulated by the VA, and can only be performed by VA approved lenders.

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The main purpose of the VA streamline refinance is to lower your mortgage payments. You are entitled to lower your payment every time interest rates drop. You also may be eligible to shorten the term of your mortgage.

Since Oceanside Mortgage is a direct lender, we are able to offer some of the lowest VA streamline rates. On average, our rates are between 0.375% and 0.750% lower then our competition. Even if you just closed on your current mortgage, a lower rate may still be available.

Program Requirements:

  • The loan being refinanced must be guaranteed by the VA
  • The borrower’s Principal and Interest payment (P&I) must be reduced or the term must be shortened
  • All loans being refinanced must be current
  • No 30-day mortgage late payments in the prior 12 months are permitted
  • All borrowers must be employed or retired

There are a few documents we need you to collect to process your loan. Do not worry if you cannot locate all of the documents, we should be able to help you. We will need:

  • Drivers License
  • Social Security Card, W-2, or 1099
  • Mortgage Note
  • Mortgage Statement
  • A utility bill
  • Homeowners Insurance Declaration Page

As a streamline refinance specialist, Oceanside Mortgage can offer several distinct advantages. First, we pay your third party closing costs. This means your loan amount will not increase unnecessarily. Oceanside does not require an appraisal for this program and we do not charge any application or lender fees.

Additionally, when you refinance with Oceanside, we will automatically add you to our streamline FastTrack program. With the FastTrack program, we will contact you each time rates drop so you can rest assured that you are always at the lowest possible rate.

Finally, since we focus on the streamline, we have greatly reduced the time and effort required to complete the process. We will not ask for documentation beyond the FHA requirements and will be able to close your loan in as few as two weeks. We have helped hundreds of borrowers take advantage of this program. We have been in business for over 20 years and have an A+ rating with the BBB. We also have hundreds of 5-star reviews on Facebook, Google, and Zillow.

Since our establishment, the team at Oceanside has worked on Streamline Refinancing. We offer a no closing cost option, minimizing the amount of money added to your loan. Oceanside has gotten rid of the middle man by being a direct lender, so all of the decisions about your refinancing are made in house. Call or email one of our loan specialists today. You’ll be in expert hands when you choose Oceanside Mortgage Company.

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Contact Us

Address
55 Main St
Toms River, NJ 08753

Loan Servicing
(866) 680-5729

Servicing Questions
support@myoceansidemortgage.com

Oceanside Mortgage Company is a private corporation. Oceanside Mortgage Company is not acting on behalf or at the direction of HUD/FHA/VA/USDA or the Federal Government. By refinancing your existing loan, your total finance charges may be higher over the life of the loan. NMLS# 80015 Visit the Nationwide Mortgage Licensing System & Registry consumer access website for licensing information: www.nmlsconsumeraccess.org Website authorization by the New York State Department of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. Arizona Bankers License # BK-0940196