No appraisal. No income docs. No PMI. The VA Interest Rate Reduction Refinance Loan is designed to save veterans money with minimal hassle. 0.5% funding fee (waived for disabled vets) — see today's mortgage rates first.
Built by the VA for veterans — the simplest, fastest path to a lower mortgage rate. If you need to access equity instead, a cash-out refinance may fit better.
Like the FHA streamline, VA IRRRL skips the appraisal and income verification. Your VA loan payment history is the primary qualification factor.
VA loans never require private mortgage insurance. When you IRRRL, you maintain this benefit while getting a lower rate. The only cost is a 0.5% funding fee (can be financed) — use our VA funding fee calculator.
IRRRL can lower your interest rate on a fixed-rate loan, OR convert your VA ARM to a fixed rate via a rate-and-term refinance. Both scenarios provide immediate monthly savings and long-term rate security.
Minimal documentation means faster processing. STX Lending averages 21-day closings on VA IRRRL — significantly faster than the 30-45 day industry average.
We pull your VA loan history and COE. Confirm 210-day seasoning, payment history, and net tangible benefit test.
No appraisal ordered, no income docs collected. We lock a rate that provides a tangible monthly savings.
Sign your new VA loan docs. Your rate drops immediately. Average time: 21 days. Thank you for your service.
Run the numbers before you commit. These tools answer the questions every refi shopper asks.
Find out when your refinance pays for itself and whether the closing costs are worth it.
Should you buy discount points to lower your rate? See break-even months and lifetime savings.
See how extra payments shave years off your loan and save tens of thousands in interest.
Common questions about VA Streamline refinancing in Texas.