ZERO LENDER FEES.

The VA Interest Rate Reduction Refinance Loan (IRRRL) — also called the VA Streamline Refinance — is a simplified refinance program exclusively for veterans and service members who already have a VA-guaranteed loan. It's designed to lower your interest rate with minimal paperwork, no appraisal in most cases, and no income verification in most cases.

Yes. We charge zero lender fees on every VA IRRRL — no origination fee, no processing fee, no underwriting fee, no application fee, and no rate lock fee. You will still have third-party costs such as the VA funding fee (0.5%), title, and escrow, but our lender fees are $0.

In most cases, no. The VA IRRRL typically does not require a new appraisal, which speeds up the process significantly and eliminates that cost. There are some exceptions — contact us and we'll tell you whether your specific situation requires one.

Generally no. The VA IRRRL is designed to be a streamlined process. In most cases, we do not need to verify your income, employment, or credit score as long as your loan is current.

Yes. VA IRRRL rules allow you to roll the closing costs (including the VA funding fee) into your new loan balance. This means you can refinance with $0 out of pocket, though your loan balance will increase slightly.

We typically close VA IRRRLs in 21 days or less. Because there's no appraisal and minimal documentation, the process is much faster than a standard refinance.

Yes — if the property was your primary residence at the time of the original VA loan. Even if you've since moved and are renting the property out, you may still be eligible for an IRRRL.

The VA funding fee for an IRRRL is 0.5% of the loan amount, which is much lower than the purchase loan funding fee. This fee can be financed into the loan. Disabled veterans may be exempt from the funding fee entirely.