Mortgages

VA Streamline Refinance

VA Streamline Refinance

IRRRL (Interest Rate Reduction Refinance Loan)

A VA IRRRL streamline mortgage refinancing is reserved for veterans whose existing mortgage is insured by the U.S. Department of Veterans Affairs (VA).

The entire loan refinancing process is “streamlined” – making it easier to get approved, easier to close and less expensive than other home mortgage loans.

The VA Streamline Advantage

Meridian is proud to take it a step further by covering the up-front cost of the appraisal if one is needed. Thank you for your Service!

Who’s Eligible?

  • Veterans whose existing mortgage is insured by the VA
  • Must be current on their existing VA Mortgage
  • New rate must be lower than existing rate unless existing loan is an Adjustable Rate Mortgage (ARM)
  • New payment must be less than existing payment unless existing loan is an ARM or the new loan has a shorter term
  • Primary mortgage refinancing only/No cash out

Unsure if you have a VA mortgage? Call us today to find out.



“The whole process was pretty effortless for me and I appreciate that.”


Why Now?

  • Fixed rates have never been lower
  • With this program, refinancing home loans has never been easier
  • Lock in now for the lowest payment
  • Homeowners can save hundreds per month
  • Not every home mortgage company offers this program
  • Apply today

FHA Streamline Refinance

FHA Streamline Refinance

No Appraisal/No Income Verification

Streamline mortgage refinancing is reserved for borrowers whose existing mortgage is insured by the Federal Housing Administration (FHA).

The entire loan refinancing process is “streamlined” – making it one of the easiest home mortgage loans to get approved and closed.

Even if you have recently been turned down, an FHA Streamline Refinance may be your answer.

The FHA Streamline Advantage

  • Unlimited loan-to-value (LTV) – Even if you owe more than the value
  • No Appraisal – Typically, no appraisal is required
  • No Income – Typically, no income verification is required
  • No Cost – Typically zero points, and no fees rolled into loan
  • Lower FHA fees – Dramatically reduced monthly mortgage insurance (MIP) and Up-front Mortgage Insurance (UFMIP)
  • Quicker Process – Less documentation, faster closings
  • Same low rates and pricing as other conventional and FHA mortgages

“We found the process to be very simple and smooth…We couldn’t have been happier.”


Who’s Eligible?

  • Homeowners whose existing mortgage is insured by the FHA
  • Must be current on their existing Mortgage
  • Must have no more than one 30-day mortgage late payment in last 6 months
  • New payment must be reduced by at least 5% to qualify
  • Mortgage refinance only/no cash out

Unsure if you have an FHA mortgage? Call us today to find out.

Why Now?

  • With this program, refinancing home loans has never been easier
  • Fixed rates have never been lower
  • Lock in now for the lowest payment
  • Homeowners can save hundreds per month
  • Not every home mortgage company offers this program
  • Apply today