VA Streamline Refinance Loan (IRRRL)

The VA Interest Rate Reduction Refinance Loan (IRRRL), also known as a VA Streamline Refinance, helps veterans refinance their existing VA loan to a lower interest rate or better loan terms quickly and with minimal documentation.

      This refinance option is designed for veterans who already have a VA loan and want to reduce their monthly mortgage payment or switch from an adjustable-rate to a fixed-rate mortgage.
    

Benefits of the VA Streamline Refinance

Lower interest rates, potentially reducing your monthly payment
Minimal documentation and underwriting — often no appraisal or credit check required
Typically lower closing costs compared to other refinance options
Can be used to refinance an existing VA loan only
Option to finance closing costs and funding fee into the new loan
No requirement to verify income or employment

Eligibility Requirements

Must currently have an existing VA loan on the property
Be current on your mortgage payments, typically no late payments in the last 12 months
Occupy the home as your primary residence
Loan must result in a tangible benefit, such as a lower interest rate or monthly payment

VA Funding Fee

A VA funding fee applies to IRRRLs but is typically lower than other VA loans. Veterans with service-connected disabilities may be exempt. This fee can be included in the loan amount.

How We Can Help

We specialize in helping veterans streamline their refinance process. From gathering your Certificate of Eligibility (COE) to guiding you through closing, our VA loan experts ensure a smooth and efficient experience.

Contact Us

Have questions or ready to get started? Contact Us and we’ll guide you through every step of the VA Streamline Refinance process.