VA Streamline Refinance (IRRRL)

Lower Your VA Loan Rate With Less Paperwork

Refinancing your VA loan just got easier. With a VA Interest Rate Reduction Refinance Loan (IRRRL), also called a VA Streamline Refinance, eligible veterans and active-duty military members can lower their interest rate or switch to a more stable loan with minimal hassle. No appraisal, no income verification, and fast closings make this one of the most efficient refinance options available.

Simplify Refinancing with a VA IRRRL

The VA IRRRL is a refinancing program backed by the U.S. Department of Veterans Affairs, designed exclusively for borrowers who already have a VA loan. Unlike traditional refinancing, the IRRRL eliminates many of the time-consuming steps—such as home appraisals and income verification—making it significantly easier to qualify and close quickly. If your goal is to lower your rate or move from an adjustable-rate mortgage (ARM) to a fixed-rate loan, the IRRRL may be your ideal path.

IRRRL Benefits

A VA Streamline Refinance offers many benefits that help reduce costs and paperwork:


  • No appraisal required in most cases, even if your home has declined in value.
  • No income documentation typically needed—you can reuse your original loan documentation.
  • Lower funding fee: Just 0.5% of the loan amount, which can be rolled into the new mortgage.
  • Skip a mortgage payment: Depending on timing, you may be able to skip a month during the transition.
  • Faster closings compared to traditional refinance processes.
  • Lower monthly payments if interest rates have dropped.

IRRRL Requirements

To qualify for an IRRRL, you must:


  • Already have a VA-backed home loan.
  • Be current on your mortgage payments (typically with no more than one late payment in the past 12 months).
  • Demonstrate a net tangible benefit—for example, a lower interest rate or converting from an ARM to a fixed-rate mortgage.
  • Occupancy rules are relaxed: you must certify that you previously lived in the home, but you don't have to live there currently.
  • No cash-out is allowed; this loan is strictly for refinancing to better terms.
  • Optionally, you may roll up to $6,000 in energy efficiency improvements into the new loan.

VA IRRRL vs. Conventional Refi

For VA loan holders, the IRRRL is generally easier, cheaper, and faster than refinancing into a conventional mortgage. While a conventional refinance could be used, it requires more documentation, an appraisal, and possibly private mortgage insurance (PMI). If you’re eligible for IRRRL, it typically offers the lowest-friction route to improved mortgage terms.

How to Get Started

CTC Mortgage is proud to serve veterans across Florida, North Carolina, South Carolina, and Georgia with streamlined VA refinance solutions. Our loan officers will:



  • Confirm your VA loan eligibility.
  • Verify your current mortgage details.
  • Guide you through the simplified VA paperwork.
  • Lock in a lower rate when available.


You could be saving money on your mortgage in 30 days or less. Ready to lower your VA loan rate with less stress?


Contact us today to start your VA Streamline Refinance.

Explore Other Refinance Options

Still considering your refinancing options? We offer multiple programs to help homeowners reduce payments or access equity:

Need help deciding?

Contact CTC Mortgage for a free consultation and personalized rate review.

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Faqs– VA Streamline Refinance (IRRRL)

Answers to common mortgage questions

  • What is a VA IRRRL and how is it different from other refinance loans?

    A VA IRRRL is a simplified refinance program available only to those who already have a VA loan. It allows borrowers to lower their interest rate or improve loan terms with less paperwork. Unlike conventional refis, it usually doesn’t require an appraisal, credit check, or income verification, which significantly speeds up the process.

  • Can I take cash out with a VA Streamline Refinance?

    No, cash-out is not permitted with an IRRRL. If you're interested in using your VA benefits to tap into your home equity, a separate VA Cash-Out Refinance loan would be the right fit. The IRRRL is solely intended to lower your rate or improve loan structure.

  • Do I have to live in the home to qualify for IRRRL?

    Not necessarily. You must certify that the home was previously your primary residence, but you don't have to currently occupy the home. This flexibility is especially useful for military families who have moved due to service.

  • How long does an IRRRL usually take to close?

    Because the process skips most of the steps required in a standard refinance, most VA IRRRLs close in as little as 2–4 weeks. The lack of an appraisal and income documentation speeds up the timeline significantly.

  • Is an IRRRL worth it if I’m already a few years into my mortgage?

    It depends on how much you can save. If interest rates have dropped since you took out your loan, even a modest reduction can save you thousands over the remaining term. Our team can help calculate your breakeven point to determine if it’s the right move.