It is possible for me to refinance using VA streamline (IRRRL)?Hi there,My wife and I bought a house back in Oct 2009 for 243K. In hindsight, we should of paid no more than 230K or just walked away but that's another story. Anyway, we have a 5.375% interest rate on a VA loan, and we are wondering if we'd qualify for a IRRRL, even though I'm pretty sure given the current housing market our house is worth around 215-220K?ThanksSeptember 13 2011 - Tolland00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.