VA streamline refinance. Less paperwork, a better VA loan
If your loan today is a VA loan, the Interest Rate Reduction Refinance Loan (IRRRL) is built to move you into a better one. We shop it with 130+ lenders.
What an IRRRL is
The IRRRL, often called a VA streamline, refinances the VA loan you already have into a new VA loan, usually to lower your rate and monthly payment.
It can also move you from an adjustable rate to a fixed rate, and closing costs can be rolled into the new loan.
Who it fits
- Veterans, service members and surviving spouses with a VA loan today
- Homeowners who want a lower rate or payment
- Anyone with a VA adjustable rate who wants a fixed rate
- Homeowners who live in the home now, or lived there before
How it works with us
- Send your mortgage statementWe start from the VA loan you have today.
- One soft pullWe check your credit once, without affecting your score, and shop the refinance with 130+ lenders.
- See if it comes out aheadWe compare your current loan with what lenders will do. If it doesn't come out ahead, we'll tell you.
- CloseWe handle the lender, title and your Certificate of Eligibility request.
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Your most recent mortgage statement
- Photo ID
- Homeowners insurance declarations page
- Certificate of Eligibility, if you have it (we can request it)
Good to know
Who can get a VA IRRRL?
You need a VA-backed loan today, the IRRRL must refinance that loan, and you certify that you live in the home or lived there before.
Can I switch from an adjustable rate to a fixed rate?
Yes. An IRRRL can move you from an adjustable or variable rate to a fixed rate.
Can I roll in the closing costs?
Yes. Closing costs can be included in the new loan.
Can I take cash out with an IRRRL?
The IRRRL is for lowering your rate. To take cash out, ask us about the VA cash-out refinance, which we shop too.