VA IRRRL REFI PROGRAM
The Easiest Way to Lower Your Mortgage Payment
If you’re a veteran or active-duty homeowner with a VA loan, there’s a powerful refinance option designed just for you — the VA IRRRL, also known as the VA Streamline Refinance.
This program helps you lower your interest rate, reduce your monthly payment, and even skip a mortgage payment — often with no appraisal, no income verification, and no out-of-pocket costs.
What Is the VA IRRRL?
The VA IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined refinance option backed by the U.S. Department of Veterans Affairs.
It’s specifically designed for veterans, service members, and surviving spouses who already have a VA home loan and want to refinance to a lower rate or better terms with minimal paperwork.
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No income or employment verification required -
No home appraisal needed
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No out-of-pocket costs (fees can be rolled into the loan)
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Fast and simple closing process
No income or employment verification required
Why haven’t I heard about this before?
That’s a great question — and you’re not alone.
The VA IRRRL program isn’t new, but it’s not widely advertised because it’s only available to current VA homeowners. Many traditional lenders don’t promote it, since it’s a streamlined refinance program rather than a profit-driven loan product.
Are there any downsides?
The VA IRRRL is one of the safest and most cost-effective refinance options available — but here are a few things to keep in mind:
- You must already have an existing VA loan.
- The refinance must result in a lower interest rate or a more stable loan type (e.g., from adjustable to fixed).
- There’s a small VA funding fee (typically 0.5%), but most borrowers roll it into the new loan — meaning no out-of-pocket payment.
There are no prepayment penalties, and most closings are completed in 2–3 weeks.
