VA Interest Rate Reduction Refinance Loan (IRRRL)
Exclusive Benefits for Veterans and Military Families
The VA IRRRL, also known as the VA Streamline Refinance, is designed to help current VA loan holders refinance with ease. This program is one of the simplest and fastest ways to lower your monthly mortgage payment, shorten your loan term, or convert from an adjustable to a fixed-rate mortgage.
Backed by the U.S. Department of Veterans Affairs, this refinance program requires minimal paperwork — and no appraisal, income verification, or credit check in many cases. To be eligible, however, you must wait at least 210 days from the date of your first mortgage payment before applying.
Key Benefits
No appraisal or credit check
required in most cases
No income verification
Lower interest rates,
which may reduce monthly payments
Faster, simplified approval process
No out-of-pocket costs
if rolled into the new loan
No new Certificate of Eligibility (COE) required
This refinance program is only available to current VA loan borrowers. It cannot be used to pay off a non-VA mortgage or take cash out.