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.
Representative rate example
1Representative pricing example based on the published VA IRRRL market snapshot shown above.
Rates, terms, and savings shown are estimates for educational purposes only and may vary based on your credit profile, property value, loan type, and market conditions.
Your actual rate, APR, payment, and closing costs depend on credit profile, loan amount, equity, occupancy, property type, lock period, and market conditions.
IRRRL1 is not affiliated with any government agency, including the Department of Veterans Affairs. IRRRL1 is an Equal Housing Lender. NMLS #2530539.
Quick side-by-side of your current rate against today’s par and an estimated no-cost rate.
Estimates only. Actual terms may vary based on eligibility and underwriting.
Run a quick scenario to see your monthly savings and break-even timeline.
Quick estimate: ~0.6% of balance → $1800
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: July 13, 2026
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.
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.