VA Interest Rate Reduction Refinance Loan (IRRRL)

VA Interest Rate Reduction Refinance Loan (IRRRL)

 

A Department of Veterans Administration (VA) Interest Rate Reduction Refinance Loan (IRRRL) can be used to refinance an existing VA loan to lower the interest rate.

 

IRRRLs do not require credit underwriting and may include the entire outstanding balance of the prior loan, to include closing costs and up to two discount points. Please note that some lenders may require additional credit requirements for loan approval.

 

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