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A VA IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined refinance option for those with an existing VA loan. It allows eligible borrowers to reduce their interest rate or convert an adjustable-rate VA mortgage into a fixed-rate mortgage with minimal documentation and underwriting.
VA – Interest Rate Reduction Refinance Loan (IRRRL)
Benefits of a VA IRRRL include:
- No property appraisal may be required
- No new Certificate of Eligibility (COE) required
- Low funding fee of 0.5% (waived for eligible disabled veterans)
Important Note: A VA IRRRL can only be used to refinance an existing VA loan. It cannot be used to refinance a non-VA mortgage. The IRRRL reuses your original VA entitlement.
what our customers say
Rory and his team were phenomenal! They walked me through every question I had and were so knowledgeable about the process. From the pre-approval to the closing, they were all great! I will definitely be doing business with them again.
05/22/2026
We absolutely loved our experience with Alex. We had a unique opportunity to buy our dream home a year earlier than previously discussed and we weren’t sure if it we could pull it off financially so soon. Our house wasn’t even on the market yet so we were stressed. Alex...
05/22/2026
Christopher Squires, Brion, and the entire team at Interlinc Mortgage were absolutely outstanding from start to finish. My loan situation was not the easiest due to previously being 1099, transitioning back to W2 income, along with some past divorce and child support related challenges. Instead of making the process stressful,...
05/22/2026
Christopher Squires, Brion, and the entire team at Interlinc Mortgage were absolutely outstanding from start to finish. My loan situation was not the easiest due to previously being 1099, transitioning back to W2 income, along with some past divorce and child support related challenges. Instead of making the process stressful,...
05/22/2026
My husband and I found ourselves in a unique situation of buying a house off market before our current home was even listed. This happened a year earlier than we were expecting so we weren’t sure how we were going to pull it off financially. Thank god Alex was recommended...
New Orleans, LA, 05/22/2026
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