Qualifying for a va streamline refi while underwater?

Sure, it's a possibility. VA streamline refinances are great for underwater homeowners that currently have a VA loan.

If you're existing home loan is a VA Guaranteed Home Loan, then yes you can. You would be utilizing the VA IRRRL (Interest Rate Reduction Refinance Loan) program. No appraisal is required. An IRRRL may be done with "no money out of pocket" by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs. If you would like to get started, visit http://homeloanforVETERANS.com and speak with a Certified Military Housing Specialist.

Absolutely. VA has always allowed a refinance regardless of the current value of the home securing the property. Work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California, Arizona and Washington ~ www.LoansA2z.com 888-889-9950

Do you currently have a VA loan? We offer VA IRRRLS down to a 580 score. Let's discuss your VA loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I am a proud vet that has been offering VA loans since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - Lending Nationwide Since 1989 - jamie@bartprequalifies.com - www.bartprequalifies.com

VA streamline refinance generally doesn't require an appraisal...