The Interest Rate Reduction Refinance Loan (IRRRL) lets eligible VA borrowers refinance to a lower rate with minimal documentation and often without an appraisal.

Do I need an appraisal?

Often no appraisal is needed for an IRRRL, which can make the process faster and lower cost compared to other refinances.

Are there out-of-pocket costs?

Closing costs can typically be rolled into the new loan amount so there are often no out-of-pocket expenses.

Current VA IRRRL Rates — December 4, 2025

Transparent look at today’s VA IRRRL rates. Use the calculator to estimate new payment and break-even, then start your application.

Today’s IRRRL Rate

Live rates unavailable. Check back soon.

Apply Now No Cost Calculator

Timelines and costs vary by loan type and eligibility.

Compare Your Rate vs Today

Quick side-by-side of your current rate against today’s par and an estimated no-cost rate.

Live rates unavailable, please try again later.

Estimate Your Savings

Run a quick scenario to see your monthly savings and break-even timeline.

Refinance Savings Calculator

Estimate your potential monthly savings with an IRRRL or Cash-Out refinance.

Current Loan Balance ($)

Current Interest Rate (%)

New Interest Rate (%)

Months Remaining on Current Loan

Estimated Closing Costs ($)

Quick estimate: ~0.6% of balance → $1800

Market Rate Trends

Explore daily market indices from Optimal Blue OBMMI™. Data reflects actual locked rates across a large portion of the U.S. mortgage market and updates daily.

Rates data via Optimal Blue OBMMI™, updated daily.

Rates data via Optimal Blue OBMMI™. Represents a large portion of U.S. mortgage lock activity and updates daily. Displayed values are for informational purposes only and do not constitute a loan offer. Actual rates depend on credit profile, LTV, loan amount, and market conditions.

Last updated: December 4, 2025

About IRRRL

IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined refinance for existing VA loans. It’s designed to lower your interest rate and monthly payment with minimal documentation and—often—no appraisal.

Frequently Asked Questions

What is an IRRRL?
The Interest Rate Reduction Refinance Loan (IRRRL) lets eligible VA borrowers refinance to a lower rate with minimal documentation and often without an appraisal.
Do I need an appraisal?
Often no appraisal is needed for an IRRRL, which can make the process faster and lower cost compared to other refinances.
Are there out-of-pocket costs?
Closing costs can typically be rolled into the new loan amount so there are often no out-of-pocket expenses.