VA IRRRL

The Department of Veteran Affairs created the VA Interest Rate Reduction Refinance Loan (IRRRL) specifically for military personnel, veterans, and surviving spouses of those who have so valiantly served our country and can be one of the most important benefits available to our military.

The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan and by obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also Refinance an Adjustable Rate Mortgage (ARM) into a fixed rate mortgage. Generally, an IRRRL offers lowers interest rates with lower principal and interest payments than the existing VA loan.