What is a VA IRRRL?

IRRRL stands for Interest Rate Reduction Refinance Loan. People also call it a VA streamline. It is a refinance for a home you already live in, when you already have a VA loan.

The point is a lower rate, and usually less paperwork than a full refinance. It is not a way to take cash out. Cash-out is a different VA loan.

What to expect

• You keep paying your current loan until the new one closes.
• Most IRRRLs do not need a new appraisal. A lender can still ask for one.
• A VA funding fee may apply unless you are exempt. We show that before you apply.
• The new payment should make sense. If it does not, we say so.

Eligibility for the VA benefit is confirmed by the VA. A page on a website cannot do that. We can help you see whether a streamline is worth a real quote.

Sunview Lending is not part of the Department of Veterans Affairs. This is not a commitment to lend.