Streamline Your VA Loan with an IRRRL.
The VA Interest Rate Reduction Refinance Loan is a fast, low-documentation way for VA homeowners to refinance an existing VA loan.*
A simpler VA refinance.
You already qualified once. This is the shorter version.
- Streamlined documentation, usually no new appraisal
- Low-down-payment options for qualified buyers*
- For homeowners who already have a VA loan
- Refinance a home you occupied as your own*
- Purchase and rate and term refinance, with low-down-payment options*
- VA financing carries no monthly mortgage insurance*
Refinance your existing VA loan balance*
Refinance only, no cash out
Previously occupied by you
Streamlined documentation, usually no new appraisal
Lower your rate or move to a fixed rate
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton VA IRRRL?
A VA-guaranteed home loan from the U.S. Department of Veterans Affairs
The Saxton VA IRRRL is a full-featured mortgage that is the VA’s streamlined refinance for homeowners who already have a VA loan. It is fast and low-documentation, often without a new appraisal.
Qualify with the streamlined documentation these refinances allow. In most cases there is no new appraisal and no new income verification.
Use it to refinance the VA loan you already have into a lower rate, with no cash out. You must certify that you previously occupied the property as your home, but you do not have to live there now, so a home you moved out of and rented can still qualify on at least one program.*
Why choose the Saxton VA IRRRL?
Built for veterans who already have a VA loan and want a better rate.
Current VA Borrowers
You must already have a VA-guaranteed loan to use the IRRRL.*
Low Documentation
A streamlined path with minimal paperwork.
Move-Up & Repeat Buyers
Improve the VA loan you already have.
Rate Reduction Only
The IRRRL exists to lower your rate, not to return cash to you.
Keep Your Benefit
Refinance while retaining your VA benefit.*
No New Appraisal
Most VA streamline files close without a new appraisal.
Hear From Homeowners Like You
Frequently Asked Questions
The questions we get asked most about the VA IRRRL Streamline Refinance.
The IRRRL is for existing VA borrowers refinancing a current VA loan.
Yes. Eligible veterans, active-duty service members, and surviving spouses can buy their first home with a VA loan.*
You can use it to refinance the loan you already have. This is a streamline refinance, so it does not cover a purchase and it does not permit cash out.
The IRRRL is designed to be low-documentation for current VA borrowers.
What you bring to closing is cash for closing costs, prepaid taxes and insurance, and any escrow funding. Some of that can often be rolled into the new loan rather than brought to the table. Your loan officer can give you a working figure once the file is started.*
Yes. Fixed-rate and adjustable-rate (ARM) options are available on eligible programs.
No. An IRRRL is a streamline refinance of the loan you already have, and cash out is not permitted. A VA cash-out refinance is a separate product.*
Find out what you qualify for
Whether you’re lowering your rate or your payment, there’s likely a Saxton VA IRRRL program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- Department of Veterans Affairs, eligibility for VA home loan programs
- Department of Veterans Affairs, VA home loan types
- Department of Veterans Affairs, VA funding fee and closing costs
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. VA IRRRL terms are set by the U.S. Department of Veterans Affairs. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.