Could Your Current VA Mortgage Work Better for You?
If you currently have a VA backed home loan, a VA Interest Rate Reduction Refinance Loan may help you lower your interest rate, reduce your monthly mortgage payment, or move from an adjustable rate to a fixed rate.
Complete this short survey and Kurt will review your current loan to help determine whether refinancing makes financial sense.
- Simple & Fast
- No Closing Costs
- No Appraisal
- No Impounds
- No Obligation
- No Pressure
Free VA IRRRL Rate Quote
A few details about your existing mortgage.
An estimate is fine if you're not certain of the exact amount.
Your information is kept private and secure. No obligation. No pressure.
Understanding the Program
What is a VA IRRRL?
The VA IRRRL, also known as the VA Streamline Refinance, is exclusively for Veterans who already have a VA loan and want to reduce their interest rate or monthly payment. Often called a "streamline" refinance, an IRRRL may help you lower your monthly mortgage payment by getting you a lower interest rate, or make your monthly payments more stable by moving from a loan with an adjustable or variable interest rate to one that's fixed.
Unlike traditional refinancing that requires extensive documentation and weeks of processing, the IRRRL program recognizes that Veterans who are successfully paying their current VA loans have already proven their creditworthiness. That's why the VA eliminated most of the typical refinancing requirements and do not require employment checks and in most cases, there is no appraisal needed.
For Veterans watching rates drop below their current mortgage rate, the IRRRL provides the opportunity to capitalize on those savings without the hassle, cost, and time delays of conventional refinancing. It's the VA's way of ensuring that Veterans who've earned their home loan benefit can maximize it throughout their homeownership journey.
Benefits & Advantages
How a VA IRRRL May Help
Lower Interest Rates
Reduce your rate and save tens of thousands over the life of your loan. Even a 0.5% rate reduction can generate significant long-term savings.
Lower Monthly Payments
Put more money back in your pocket each month for the things that matter most to your family.
Convert ARM to Fixed Rate
Lock in today's low rates and protect yourself from future payment increases by moving from an adjustable to a fixed rate mortgage.
No Appraisal Required
Save on appraisal costs and time spent waiting. VA program rules often do not require an appraisal for an IRRRL.
Minimal Funding Fee
The VA Funding Fee for borrowers using the VA Streamline refinance (IRRRL) is 0.5% regardless of service history or prior usage. That's 75% less than standard VA refinance loans.
Roll in All Closing Costs
Finance everything into your new loan—no out-of-pocket expenses required.
Fast Closing Times
The streamlined nature of IRRRLs makes them faster than traditional refinances.
Review the Overall Benefit
Compare the estimated savings, closing costs, new loan balance, and time needed to recover the cost of refinancing.
A lower rate does not always mean refinancing is the right decision. Kurt will help you compare the short term savings with the long term cost before recommending a strategy.
The Process
A Simple, Straightforward Review
Tell Kurt About Your Current Loan
Complete the short survey and share the basic details of your existing VA mortgage.
Review Your Options
Kurt will compare the potential interest rate, monthly payment, closing costs, new loan balance, and estimated recovery period.
Make an Informed Decision
You decide whether the potential savings and long term benefits justify refinancing. There is no obligation to move forward.
About Kurt
Work With a Mortgage Broker Who Works for You
Kurt Kessler has more than 20 years of mortgage and financial services experience. As a mortgage broker, Kurt has access to a broad network of lending partners and can compare available options based on each homeowner's individual goals.
His approach is simple: clearly explain the numbers, answer your questions, and help you make an informed financial decision without pressure.
Kurt Kessler
NMLS #365130
20+
Years of experience
Broker
Access to many lenders
Barrett
Financial Group
No
Pressure or obligation
Client Feedback
What Homeowners Say
Reviews from veterans and military families who worked with Kurt to review their VA mortgage options.
Questions