VA IRRRL — Today's Rates
6.450%Current avg · Updated 2026-04-28
What is a VA IRRRL?
The VA Interest Rate Reduction Refinance Loan (IRRRL) is exclusively for veterans, active duty, and eligible surviving spouses who already have a VA loan. It offers some of the lowest refinance rates available, requires minimal paperwork, and typically does not require a new appraisal or credit underwriting. The VA funding fee can often be rolled into the loan.
Pros
- No appraisal required (usually)
- No out-of-pocket costs possible
- Lowest refi rates available
- Minimal paperwork
- No income verification
Cons
- Must have existing VA loan
- VA funding fee applies (unless exempt)
- Cannot take cash out
- Must show net tangible benefit
Quick Facts
Current Rate
6.450%
Min. Credit Score
580
Equity Requirement
N/A
Best For
Eligible veterans and service members with existing VA loans seeking lower rates
Top Lenders for VA IRRRL
| Lender | VA IRRRL Rate | APR | Action |
|---|---|---|---|
| 🗽Freedom Mortgage | 5.555% | 5.705% | Apply |
| 🏘PennyMac | 5.630% | 5.780% | Apply |
| 🏦AmeriSave | 5.680% | 5.830% | Apply |
| ✨Better Mortgage | 5.680% | 5.830% | Apply |
| 💎SoFi | 5.680% | 5.830% | Apply |