Interest Rate Reduction Refinance Loan (IRRRL)

Veterans Benefits Administration (VBA) in Housing
December 19, 2018


A Department of Veterans Affairs (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. Therefore, VA encourages you to contact multiple lenders to determine the best loan option to fit your needs.


Interest Rate Reduction Refinance Loan (IRRRL) is administered by Veterans Benefits Administration (VBA).

Program Requirements:

Persons who may qualify for this refinance loan include:

  • Eligible Veterans,
  • Active duty Servicemembers,
  • Current Reserve and National Guard members (after 6 years of creditable service), or
  • Certain surviving spouses

To be eligible, the Veteran/Servicemember must have been discharged under conditions other than dishonorable and meet length of service requirements.

As a requirement for a VA home loan, the Veteran, the Veterans' spouse, or dependent child must certify occupancy for the property.

Application Details

For more information on this program, please visit the Home Loans webpage.

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