Step by Step Guide
Refinancing a Home
- VA Streamline Refinance IRRRL Program
- Documents needed for a VA Streamline Refinance IRRRL
- How to qualify for a VA Streamline Refinance IRRRL
- VA Streamline Funding Fee
- VA Loan Eligibility Guidelines
- VA Loan Certificate of Eligibility
- VA Streamline Refinance IRRRL Guidelines and Credit Requirements
- VA Cash Out Refinance Guidelines and Credit Requirements
- What are VA Entitlement Codes
- VA Funding Fee
- VA Loans Frequently Asked Questions
VA Streamline Funding Fee
The VA Streamline Refinance IRRRL Funding Fee is always 0.5% of the loan amount and it can be rolled into the loan so you do not have to pay it out of pocket.
The following individuals are exempt from the 0.5% Funding Fee:
- Veterans that are receiving compensation for service- connected VA disability
- Veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay
- Surviving spouses of veterans who died in service or from service-connected disabilities (whether or not such surviving spouses are veterans with their own entitlement and whether or not they are using their own entitlement on the loan)
- Veterans still on active awaiting discharge and who were rated eligible to receive compensation as a result of a pre-discharge disability examination and rating will be considered as receiving compensation as of that date; and
- Veterans entitled to receive VA compensation for service-connected disabilities, but who are not presently in receipt because they are on active duty.