The VA streamline refinance, tested against the rules that protect you
Appraisal and credit on an IRRRL
Rule check
VA does not generally require an appraisal or credit underwriting for an IRRRL, but lenders can add their own requirements. Many check payment history and credit. Ask each lender what it requires.
Last reviewed against the primary sources listed below.
Ask each lender
- Appraisal needed?
- Credit check?
- Income documents?
IRRRL questions
Does an IRRRL require an appraisal?
VA usually does not, but lenders may.
Will my credit be checked on an IRRRL?
Many lenders check it.