Loan program
VA Loan Refinance Options
IRRRL streamlines and VA cash-out refis built specifically for veterans.
Veterans have two specialized refinance programs: the IRRRL (Interest Rate Reduction Refinance Loan) for streamlined rate-drops, and the VA Cash-Out Refinance for tapping equity.
Veterans earned the most generous mortgage benefits in America — including two refinance programs purpose-built for service members.
The IRRRL (often pronounced "Earl") is a streamline refinance for existing VA loans. No appraisal, no income docs, no credit minimum on most files. If your rate is dropping by at least 0.5%, the IRRRL is the cleanest refi in mortgage finance.
The VA Cash-Out Refinance lets veterans pull up to 90% of their home value in cash — far higher than any conventional cash-out. It also lets you refinance a non-VA loan into a VA loan, taking cash out in the process.
What it gives you
IRRRL Has Minimal Docs
No appraisal, no income verification, no minimum credit score on most files.
VA Cash-Out Up To 90% LTV
Best LTV in the industry — pull up to 90% of home value.
No PMI
Neither program adds mortgage insurance.
Roll In Closing Costs
Both programs allow closing costs financed into the loan.
How it runs, start to finish
- 1
Choose Program
IRRRL for rate drop; cash-out for equity.
- 2
Confirm Eligibility
We pull your COE and check entitlement.
- 3
Apply
IRRRL is streamlined; cash-out is full application.
- 4
Close
IRRRL closings in 15–25 days; cash-out 30–45 days.
Questions people ask about this one
Is the funding fee required on IRRRL?
Yes — 0.5% on IRRRL. Lower than purchase or cash-out funding fees.
Do I need to recoup costs?
Yes — VA requires the IRRRL to recoup costs within 36 months via rate savings.
Can I cash-out a non-VA loan to VA?
Yes — VA cash-out can refinance a conventional or FHA loan into a VA loan with cash out.
Is there a seasoning requirement?
Yes — typically 210 days from first payment on existing VA loan before IRRRL eligible.
Programs people look at next
The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
