VA Home Refinance Loan | VA Streamline | IRRRL | Interest Rate Reduction Refinance Loan | theSITREP

If you’ve been told that one lender has a “special” or “exclusive” VA IRRRL program—this is where you need to slow down and take a closer look. In this episode of the SITREP, we break down the Interest Rate Reduction Refinance Loan, also known as the IRRRL or “VA Streamline,” and clear up one of the biggest misconceptions Veterans are facing right now. The truth is, no lender has a secret version of this benefit. The U.S. Department of Veterans Affairs sets the rules—and any approved lender can offer the same IRRRL. We’ll show you how to spot misleading marketing, what actually matters when choosing a lender, and how to make sure you’re getting the best deal possible with the benefit you earned.

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ADDITIONAL INFORMATION

To learn more about IRRRL, visit:
https://www.va.gov/housing-assistance/home-loans/loan-types/interest-rate-reduction-loan/#:~:text=To%20be%20eligible%20for%20an%20IRRRL%2C%20you,variable%20interest%20rate%20to%20one%20that's%20fixed

ABOUT VA

The Department of Veterans Affairs (VA) is comprised of three different administrations:
(1) Veterans Health Administration (VHA) - Provides health care at 1,298 facilities, including 171 hospitals and 1,113 outpatient clinics, serving 9 million enrolled Veterans each year.
(2) Veterans Benefits Administration (VBA) - Provides a variety of benefits and services for Service Members, Veterans, and their families including compensation, pension and fiduciary, insurance, education, loan guaranty, vocational rehabilitation and employment, and more.
(3) National Cemetery Administration (NCA) - Provides burial space for Veterans and their eligible family members, and maintains national cemeteries as national shrines, sacred to the honor and memory of those interred or memorialized there.

DISCLAIMER: The Department of Veterans Affairs does not endorse or officially sanction any entities that may be discussed in this video, nor any media, products, or services they may provide.

This video was produced and published by the Department of Veterans Affairs.

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