VA Streamline Refinance Loans are available to qualified veterans, members of the Armed Forces on active duty, and military spouses. If you qualify, you may be able to refinance your existing VA Loan into a new loan with a lower interest rate that would reduce your monthly payment, sometimes dramatically. Streamline loans feature little paperwork and allow you to roll permissible closing costs into your loan amount. Appraisals are typically not required in connection with a VA Streamline refinance loan.