VA Streamline · IRRRL

Your VA rate stinks. Let's fix it in 10 minutes.

If you have a VA loan and haven't checked your rate in the last 6 months, you're likely overpaying. A VA Streamline Refi (IRRRL) is the fastest way to lower your payment — no appraisal and less paperwork. See your new, lower rate online, right now.

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IRRRL at a glance

Home appraisalNot required
Out of pocket$0*
PaperworkMinimal
Typical close~3 wks
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The VA Streamline "easy button"

No appraisal. No stacks of paperwork. Just a lower payment.

The IRRRL exists for one reason: to make lowering your VA rate as fast and painless as possible. Most members see a rate in minutes and close in about three weeks — without the appraisal, the piles of pay stubs, or the out-of-pocket costs of a normal refinance.

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*Closing costs and the VA funding fee can typically be rolled into the new loan. Subject to eligibility and credit approval. Not a commitment to lend.

~10 minTo see your new, lower rate online
No appraisalSkip the home inspection and the appraisal wait
$0 out of pocketRoll closing costs into the loan*
Why the streamline

The fastest way to lower your VA payment

You already proved your eligibility on your current VA loan — so the IRRRL strips out the slow, expensive parts of a normal refinance.

  • No new appraisal. In most cases we don't need to re-value your home.
  • Less paperwork. Often no income or employment verification required.
  • Nothing out of pocket. Closing costs and the funding fee can be rolled in.
  • Skip a payment or two. Many members skip a month as the new loan closes.
A Veteran's home
Do you qualify?

The 30-second IRRRL checklist

If these three sound like you, there's a strong chance you can lower your payment. We'll confirm in minutes.

You already have a VA loan

The IRRRL refinances an existing VA-backed mortgage into a new one.

You're current on payments

On-time payments over the last 12 months (one late may be allowed).

It saves you money

The new loan must deliver a "net tangible benefit" — usually a lower rate and payment.

Estimate

Estimate your new payment

Enter your current balance and a lower rate to see the difference. Taxes and insurance are additional.

$

The VA funding fee for an IRRRL is low and can be financed. Excludes taxes and insurance.

Estimated monthly (P&I)
$2,098
Loan amount$380,000
Total interest$375,123
Total of payments$755,123
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IRRRL questions

Good to know

IRRRL stands for Interest Rate Reduction Refinance Loan — the VA's "streamline" refinance. It replaces your current VA loan with a new VA loan at a lower rate, with far less hassle than a typical refinance because most of the heavy underwriting is skipped.
In most cases, yes. The IRRRL generally does not require a new home appraisal, which is a big part of why it closes so much faster than a standard refinance.
Usually far less than a normal loan. Many IRRRLs require no income or employment verification at all. We'll let you know exactly what (if anything) is needed for your situation.
Closing costs and the low VA funding fee can typically be financed into the new loan, so many members refinance with little to nothing out of pocket. We'll show you the numbers before you commit.
Because there's no appraisal and minimal paperwork, many IRRRLs close in about three weeks. You can see your rate online in minutes and we'll handle the rest.
10 minutes, online

See your lower rate now

If you have a VA loan, there's a good chance you're overpaying. Find out in a few minutes — no appraisal, no obligation.

See My Lower Rate NowCall (213) 964-3358