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VA IRRRL Streamline Refinance
Lower Your VA Loan Rate with No Appraisal or Income Verification
VA IRRRL: Your Path to Lower Rates
The VA Interest Rate Reduction Refinance Loan (IRRRL) is the simplest way for veterans to refinance their existing VA loan to a lower interest rate, reducing monthly payments and saving thousands over the life of the loan.
Calculate Savings
See exactly how much you can save monthly with our rate calculator
Lower Your Rate
Reduce your interest rate and monthly payment with minimal documentation
No Appraisal
Skip the home appraisal in most cases, saving time and money
Streamlined Process
Direct path from application to closing with minimal paperwork
Verified Benefits
Double-verified eligibility ensures smooth processing and approval
Fast Closing
Close in as little as 10-15 days with our expedited IRRRL process
What is a VA IRRRL?
Also Known As
- VA Streamline Refinance
- Interest Rate Reduction Refinance Loan
- VA to VA Refinance
The VA IRRRL is a refinance option exclusively for veterans who already have a VA loan. It's designed to help you get a lower interest rate on your existing VA loan with minimal hassle and paperwork.
Unlike traditional refinancing, the IRRRL program streamlines the process by eliminating many typical requirements like income verification, employment checks, and home appraisals.
Key Requirement: You must currently have a VA loan to qualify for an IRRRL.
Get Your VA IRRRL Rates
Enter your details below to see personalized rates
Loan Details
LTV: 80.0% | Down: $100,000
Rates are actual rates based on current market conditions. Rates are subject to change without notice. Your actual rate may vary based on your credit profile and qualifications. SRK CAPITAL AI can make mistakes. Rates provided by SRK CAPITAL AI should not be considered a commitment to lend.
VA loans require a VA funding fee unless the borrower is exempt due to a service-connected disability. The funding fee varies based on down payment, loan type, and prior VA loan usage. VA loans are available to eligible active-duty service members, veterans, and surviving spouses.
For complete mortgage disclosure information, please refer to our Terms of Service, Privacy Policy, and for SRK CAPITAL AI disclosure information, please refer to our AI Policy.
VA IRRRL Benefits
The VA IRRRL program offers unmatched benefits for veterans looking to reduce their mortgage costs quickly and easily.
Lower Monthly Payments
Reduce your monthly mortgage payment by securing a lower interest rate
Save hundreds per monthNo Out-of-Pocket Costs
Roll all closing costs into the new loan amount
$0 upfront costsNo Appraisal Required
Skip the home appraisal process in most cases
Save $500-800Minimal Documentation
No income verification, employment check, or credit underwriting
Simplified processFast Processing
Close your loan in as little as 10-15 business days
Quick turnaroundNo Loan Limits
Refinance any size VA loan without county loan limits
Any loan amountIRRRL Eligibility Requirements
The VA IRRRL has minimal requirements, making it one of the easiest refinance options available.
What You Need
- Currently have an existing VA loan
- Loan must be current (no late payments in last 12 months)
- Must result in a lower interest rate (unless moving from ARM to fixed)
- Must have made at least 6 payments on current VA loan
- Property must have been your primary residence
- Cannot receive more than $500 cash back at closing
Not Required
- Income verification
- Employment verification
- Credit underwriting (in most cases)
- Home appraisal
- Minimum credit score (lender may have requirements)
- Certificate of Eligibility (COE)
Note: While the VA doesn't require a minimum credit score for IRRRLs, most lenders have their own requirements, typically 580-620 minimum.
The IRRRL Process - Simple & Fast
Our streamlined IRRRL process gets you from application to closing faster than any traditional refinance.
1. Quick Pre-Approval
Confirm you have an existing VA loan and review potential savings
5 minutes
2. Rate Review
Compare your current rate with today's IRRRL rates and calculate savings
Same day
3. Simple Application
Complete streamlined paperwork with no income or asset documentation
1-2 days
4. Fast Closing
Close your loan and start saving with your new lower rate
10-15 days
IRRRL vs Traditional Refinance
See why the VA IRRRL is the fastest and easiest way for veterans to refinance their mortgage.
| Feature | VA IRRRL | Traditional Refinance |
|---|---|---|
| Income Verification | ||
| Employment Check | ||
| Home Appraisal | ||
| Credit Underwriting | ||
| Asset Documentation | ||
| Debt-to-Income Check | ||
| Cash to Close | ||
| Processing Time | 10-15 days | 17-21 days |
| Documentation Required | Minimal | Extensive |
| Closing Costs | Can be rolled in | Usually paid upfront |
Bottom Line: The VA IRRRL eliminates nearly all the hassles of traditional refinancing, getting you to a lower rate faster with less paperwork and no out-of-pocket costs.
VA IRRRL Frequently Asked Questions
Get answers to common questions about the VA streamline refinance program.
Ready to Lower Your VA Loan Rate?
The VA IRRRL is the fastest, simplest way to reduce your mortgage payment. With rates near historic lows, now is the perfect time to save.
No obligation quote • Close in 10-15 days • Save thousands