The VA Interest Rate Reduction Refinance Loan, known as the IRRRL or VA streamline refinance, is one of the fastest and lowest-cost refinance options available. If you already have a VA loan, you may qualify to refinance to a lower rate with minimal documentation and no appraisal required in most cases.
Use the form above to see your personalized refinance rate from multiple VA-approved lenders.
We'll ask for your zip code, property type, current loan balance, annual income and employment status, and an estimate of your credit score. For a streamline refinance the process is straightforward since less documentation is required than a standard refinance.
No. We match you with a single lender who offers VA refinance loans in your area. If they can't meet your needs you'll have the option to view other offers. You stay in control at all times.
Nothing. By answering a few questions you're giving us permission to match you with a lender who can show you a competitive IRRRL or VA refinance rate. The consultation is free with no obligation.
The IRRRL is a VA refinance program exclusively for veterans and servicemembers who already have a VA-backed loan. Its purpose is to reduce your monthly payment or move you from an adjustable rate to a fixed rate with minimal paperwork and no appraisal required in most cases.
Yes. The IRRRL applies to any existing VA-backed loan regardless of which lender originally issued it. You can refinance your Navy Federal or USAA VA loan with any VA-approved lender.
Savings depend on the difference between your current rate and today's IRRRL rates plus your remaining loan balance. Veterans refinancing from rates above 6.5% into current market rates may save $200 to $500 per month depending on loan size.
In most cases no. The VA streamline program is designed to reduce documentation requirements. Most lenders do not require a new home appraisal, which speeds up the process significantly.
Most IRRRL closings complete in 30 days or less. Because documentation requirements are reduced the process moves faster than a standard refinance.
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Military.com has served the military community for over 25 years. We connect veterans and servicemembers with VA-specialized lenders who understand the IRRRL program and military financial situations. Our comparison tool lets you see refinance offers in minutes without a credit pull.
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