VA IRRRL Streamline Refinance
The VA IRRRL Streamline Refinance is part of the VA home-loan benefit. Here is the plain-English rundown for 2026.
How it works
The VA IRRRL refinances an existing VA loan to a lower rate with minimal paperwork — typically no appraisal and no income verification — and just a 0.50% funding fee, as long as there is a net tangible benefit.
Key things to know
- $0 down payment with full entitlement, and no monthly mortgage insurance.
- Requires a Certificate of Eligibility (COE) and a primary-residence occupancy plan.
- A one-time funding fee applies (financed; waived for many disabled veterans).
- VA county limits only matter for partial entitlement — otherwise there is no cap.
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Frequently Asked Questions
- What is the VA IRRRL Streamline Refinance?
- The VA IRRRL refinances an existing VA loan to a lower rate with minimal paperwork — typically no appraisal and no income verification — and just a 0.50% funding fee, as long as there is a net tangible benefit.
- Do I need a down payment?
- No — with full entitlement the VA benefit allows $0 down with no monthly mortgage insurance.