Do I need to have my original VA lender for an IRRRL?

No — you can use any VA-approved lender. Many veterans shop around to find better pricing than their original lender.

What's the funding fee on a VA IRRRL?

The VA funding fee on an IRRRL is only 0.5% of the loan amount — dramatically lower than the 2.15–3.3% on a VA purchase. Waived entirely for veterans with service-connected disability ratings.

Can I take cash out on a VA IRRRL?

No — IRRRL is rate/term only, no cash-out. For cash-out, use the VA Cash-Out Refinance which allows up to 100% LTV but requires full underwriting and a new appraisal.

Conventional & Government

Government — VA Refi

VA IRRRL (Streamline)

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

Interest Rate Reduction Refinance Loan — VA's streamline refi, no appraisal or income docs in most cases.

Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.

Apply for this program (213) 880-8107

Ideal borrower

Existing VA borrowers who can lower their rate.

Program highlights

No appraisal typically required
No income verification
Low funding fee (0.5%)

Typical uses

Rate reduction on existing VA

Frequently asked questions

Do I need to have my original VA lender for an IRRRL?: No — you can use any VA-approved lender. Many veterans shop around to find better pricing than their original lender.
What's the funding fee on a VA IRRRL?: The VA funding fee on an IRRRL is only 0.5% of the loan amount — dramatically lower than the 2.15–3.3% on a VA purchase. Waived entirely for veterans with service-connected disability ratings.
Can I take cash out on a VA IRRRL?: No — IRRRL is rate/term only, no cash-out. For cash-out, use the VA Cash-Out Refinance which allows up to 100% LTV but requires full underwriting and a new appraisal.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.