The VA streamline refinance, tested against the rules that protect you
Two common situations
Rule check
An IRRRL needs only a certification that you live in or used to live in the home, so a home you have since rented out can qualify. Moving from an adjustable rate to a fixed rate makes payments more stable, which VA lists as a reason to use an IRRRL even if the payment does not fall much.
Last reviewed against the primary sources listed below.
Moved away
Lenders may still ask about rental income or your current housing cost.
From adjustable to fixed
Expect the new fixed payment to be compared with what your adjustable payment could become.
IRRRL questions
Can I get an IRRRL on a rental property?
If it was once your home and you can certify prior occupancy, VA allows it.