Lower your VA loan rate with a streamlined IRRRL.
If you already have a VA loan, a VA IRRRL (Interest Rate Reduction Refinance Loan) may help you lower your monthly payment, lock in a more stable rate, or simplify your budget — often with less paperwork than a traditional refinance.
No obligation. Just a quick look at whether a VA IRRRL could meaningfully improve your current VA loan.
See if a VA IRRRL makes sense
Share a few details and we’ll help you see if a VA IRRRL could reduce your payment or improve your terms.
Check your VA IRRRL options
No obligation. We’ll review your current VA loan and help you see if a streamlined refinance could benefit you.
What is a VA IRRRL?
A VA IRRRL — also called a VA Streamline Refinance — is a special program for homeowners who already have a VA-backed mortgage. Its goal is simple: help you get a lower, more stable payment with a faster, simplified process compared to a traditional refinance.
Designed for current VA homeowners
You must already have a VA loan on your home. An IRRRL is meant to improve that existing loan — not to buy a new property.
- Refinance from one VA loan into another VA loan.
- Focus on improving rate, payment stability, or both.
- Often fewer documentation requirements than a standard refinance.
Common reasons to use an IRRRL
- Reduce your monthly mortgage payment.
- Move from an adjustable rate to a fixed rate.
- Lock in more stability if rates or your budget have changed.
- Simplify your loan without going through a full underwrite process.
Why a VA IRRRL can be powerful
Compared to a full refinance, a VA IRRRL is built to be faster and more streamlined. While every situation is unique and lender guidelines apply, many veterans choose an IRRRL because:
A lower interest rate can translate into a more manageable monthly payment.
Often fewer docs than a traditional refinance, depending on your profile and lender review.
Keep many of the core advantages of your VA loan — including no monthly PMI.
How the VA IRRRL process works
1. Share your current VA loan info
We start by gathering your current loan details — rate, payment, remaining balance — along with your goals for lowering payment or stabilizing your rate.
2. We run the numbers
Our team will help you evaluate whether a VA IRRRL offers a meaningful benefit after considering rate, costs, and your long-term plans for the home.
3. Guide you through to closing
If it makes sense to move forward, we’ll walk you through the process, keep you updated, and help you get across the finish line as smoothly as possible.
VA IRRRL FAQs
Do I have to be a veteran with an existing VA loan?
Yes — an IRRRL is specifically for homeowners who already have a VA-backed mortgage on their home. It’s meant to improve that existing VA loan, not to purchase a different home.
Does a VA IRRRL always lower my payment?
The goal is to provide a clear benefit, often in the form of a lower rate or a more stable payment. We’ll walk through the numbers with you so you can see how an IRRRL compares to keeping your current loan.
Is there a lot of paperwork involved?
Every refinance involves some documentation, but the VA IRRRL is designed to be more streamlined than a start-from-scratch refinance. Our team will outline exactly what’s needed and keep it as efficient as possible.
How do I know if now is the right time to refinance?
We’ll help you compare your current terms to what an IRRRL might offer, taking into account your time horizon in the home and your monthly budget. The goal is to give you enough clarity to make a confident decision.
Ready to see if a VA IRRRL is a fit?
Whether you’re focused on lowering your payment or locking in more stability, our team can help you understand if a VA Streamline Refinance aligns with your goals.
VA benefits and guidelines apply. This page is for general information only and is not a commitment to lend. We’ll review your specific situation and help you understand your options.