{"id":2216,"date":"2015-09-05T20:03:06","date_gmt":"2015-09-05T20:03:06","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=2216"},"modified":"2020-07-13T22:34:21","modified_gmt":"2020-07-13T22:34:21","slug":"va-refinance-irrrl","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/","title":{"rendered":"VA Refinance Can Lower Your Mortgage Interest Rate and Payment"},"content":{"rendered":"<h2>VA Refinance IRRRL<\/h2>\n<p>The Department of Veteran Affairs offers a streamlined VA refinance to benefit\u00a0borrowers with VA loans.\u00a0 \u00a0This refinance loan is called\u00a0a VA Interest Rate Reduction Refinance Loan.\u00a0\u00a0But, IRRRL, pronounced like Earl, is what lenders call it.\u00a0 A VA IRRRL helps a Veteran refinance a current VA loan into a lower interest rate and payment. \u00a0Plus it is an easy and quick process.\u00a0 Additionally\u00a0this product\u00a0allows a refinance from an Adjustable Rate Mortgage (ARM) to a fixed rate.<\/p>\n<p>So with today&#8217;s low rate environment, it is a perfect time to lower your VA mortgage rate and\u00a0payment.\u00a0\u00a0\u00a0Therefore it is best to call now to see if a refinance makes sense before rates rise!<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1278 size-medium\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2015\/06\/arrow-showing-decline-300x188.jpg\" alt=\"VA refinance IRRRL to lower your interest rate and payment\" width=\"300\" height=\"188\" \/><\/p>\n<h2>VA Refinance IRRRL Details &amp; Eligibility:<\/h2>\n<ul>\n<li>No appraisal is required<\/li>\n<li>All closing costs may be included in the new loan<\/li>\n<li>Borrowers usually have the option of a no closing cost loan<\/li>\n<li>The process is very simple and easy to close for borrowers<\/li>\n<li>Reduced <a href=\"http:\/\/teammovemortgage.com\/va-funding-fee-tables\/\"><span style=\"text-decoration: underline;\"><strong>VA funding fee<\/strong><\/span><\/a>.\u00a0 The fee is only .50% of the loan amount, plus financed in the loan<\/li>\n<li>Furthermore, you do not have to pay a VA funding fee (exempt)\u00a0if\n<ul>\n<li>Veteran is\u00a0receiving VA compensation for a service connected disability OR<\/li>\n<li>Veteran who would be entitled to receive compensation for a service connected disability if you did not receive retirement or active duty pay OR<\/li>\n<li>Surviving spouse of a Veteran who died in service or from a service connected disability<\/li>\n<\/ul>\n<\/li>\n<li>The borrower may not receive cash out from the refinance<\/li>\n<li>Only the existing VA mortgage may be paid off &amp; not other loans or mortgages<\/li>\n<li>Allows for divorcees, widow, or remarrying Veterans to refinance<\/li>\n<li>\u00a0Additionally, a VA IRRRL allows for rental properties too<\/li>\n<\/ul>\n<h2>VA Cash Out Refinance for Bill Consolidation or Improvements<\/h2>\n<p>Furthermore, A little known fact is that active military, Veterans, or qualifying surviving spouse may qualify for a cash out refinance. \u00a0So, VA cash out refinances can pay off any type of mortgage, loans or credit cards.\u00a0\u00a0Plus, home improvements can\u00a0even\u00a0be financed.\u00a0\u00a0Therefore, this is a great way to finance a bill consolidation or home improvements up to 100% of appraised value with no PMI.<\/p>\n<p>In conclusion, whether you currently have a VA loan or not, a VA refinance is a great financing option.<\/p>\n<h2>Discounts for Disabled Veteran Homeowners in NC &amp; SC.\u00a0 See if you qualify<\/h2>\n<ul>\n<li><a href=\"http:\/\/teammovemortgage.com\/blog\/2015\/06\/20\/north-carolina-property-tax-relief-for-the-elderly-disabled\/\"><span style=\"text-decoration: underline;\"><strong>North Carolina Property Tax Relief for the Elderly and Disabled<\/strong><\/span><\/a><\/li>\n<li><a href=\"http:\/\/teammovemortgage.com\/blog\/2015\/06\/19\/south-carolina-property-tax-exemption-for-100-permanently-disabled-veterans\/\"><span style=\"text-decoration: underline;\"><strong>South Carolina Property Tax Exemption for 100% Permanently Disabled Veterans<\/strong><\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>VA Refinance IRRRL The Department of Veteran Affairs offers a streamlined VA refinance to benefit\u00a0borrowers with VA loans.\u00a0 \u00a0This refinance loan is called\u00a0a VA Interest Rate Reduction Refinance Loan.\u00a0\u00a0But, IRRRL, pronounced like Earl, is what lenders call it.\u00a0 A VA IRRRL helps a Veteran refinance a current VA loan into a lower interest rate and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33,17,40,48],"tags":[13,16,102,20,47,127,103,49,139],"class_list":["post-2216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frequently-asked-questions","category-products","category-tips","category-va-loans","tag-mortgage-faqs","tag-north-carolina","tag-south-carolina","tag-team-move","tag-va-home-loans","tag-va-irrrl","tag-va-refinance","tag-va-requirements","tag-wrightsville-beach-nc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VA refinance (IRRRL) rates are where Veterans can lower payments<\/title>\n<meta name=\"description\" content=\"A VA refinance (IRRRL) is a simple process which does not require an appraisal or income documentation. Let us see how much you can save now\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VA refinance (IRRRL) rates are where Veterans can lower payments\" \/>\n<meta property=\"og:description\" content=\"A VA refinance (IRRRL) is a simple process which does not require an appraisal or income documentation. Let us see how much you can save now\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-05T20:03:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T22:34:21+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#\\\/schema\\\/person\\\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"VA Refinance Can Lower Your Mortgage Interest Rate and Payment\",\"datePublished\":\"2015-09-05T20:03:06+00:00\",\"dateModified\":\"2020-07-13T22:34:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/\"},\"wordCount\":421,\"publisher\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Mortgage FAQ's\",\"North Carolina\",\"South Carolina\",\"Team Move\",\"VA home loans\",\"VA IRRRL\",\"VA refinance\",\"VA requirements\",\"Wrightsville Beach NC\"],\"articleSection\":[\"Frequently Asked Questions\",\"Products\",\"Tips\",\"VA Loans\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/\",\"url\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/\",\"name\":\"VA refinance (IRRRL) rates are where Veterans can lower payments\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-09-05T20:03:06+00:00\",\"dateModified\":\"2020-07-13T22:34:21+00:00\",\"description\":\"A VA refinance (IRRRL) is a simple process which does not require an appraisal or income documentation. Let us see how much you can save now\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/va-refinance-irrrl\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"VA Refinance Can Lower Your Mortgage Interest Rate and Payment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/\",\"name\":\"Team Move Mortgage Blog\",\"description\":\"Team Move Mortgage Blog and Resources\",\"publisher\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#organization\",\"name\":\"Team Move Mortgage Blog\",\"url\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/team_move_logo-1.png\",\"contentUrl\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/team_move_logo-1.png\",\"width\":317,\"height\":86,\"caption\":\"Team Move Mortgage Blog\"},\"image\":{\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/#\\\/schema\\\/person\\\/fbcb9952207d77d752ba9074b82fad37\",\"name\":\"Russell Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"caption\":\"Russell Smith\"},\"sameAs\":[\"https:\\\/\\\/teammovemortgage.com\"],\"url\":\"https:\\\/\\\/teammovemortgage.com\\\/blog\\\/author\\\/russellsmith\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"VA refinance (IRRRL) rates are where Veterans can lower payments","description":"A VA refinance (IRRRL) is a simple process which does not require an appraisal or income documentation. Let us see how much you can save now","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/","og_locale":"en_US","og_type":"article","og_title":"VA refinance (IRRRL) rates are where Veterans can lower payments","og_description":"A VA refinance (IRRRL) is a simple process which does not require an appraisal or income documentation. Let us see how much you can save now","og_url":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/","og_site_name":"Team Move Mortgage Blog","article_published_time":"2015-09-05T20:03:06+00:00","article_modified_time":"2020-07-13T22:34:21+00:00","author":"Russell Smith","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Russell Smith","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#article","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/"},"author":{"name":"Russell Smith","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37"},"headline":"VA Refinance Can Lower Your Mortgage Interest Rate and Payment","datePublished":"2015-09-05T20:03:06+00:00","dateModified":"2020-07-13T22:34:21+00:00","mainEntityOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/"},"wordCount":421,"publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#primaryimage"},"thumbnailUrl":"","keywords":["Mortgage FAQ's","North Carolina","South Carolina","Team Move","VA home loans","VA IRRRL","VA refinance","VA requirements","Wrightsville Beach NC"],"articleSection":["Frequently Asked Questions","Products","Tips","VA Loans"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/","url":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/","name":"VA refinance (IRRRL) rates are where Veterans can lower payments","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#primaryimage"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-09-05T20:03:06+00:00","dateModified":"2020-07-13T22:34:21+00:00","description":"A VA refinance (IRRRL) is a simple process which does not require an appraisal or income documentation. Let us see how much you can save now","breadcrumb":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/teammovemortgage.com\/blog\/va-refinance-irrrl\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/teammovemortgage.com\/blog\/"},{"@type":"ListItem","position":2,"name":"VA Refinance Can Lower Your Mortgage Interest Rate and Payment"}]},{"@type":"WebSite","@id":"https:\/\/teammovemortgage.com\/blog\/#website","url":"https:\/\/teammovemortgage.com\/blog\/","name":"Team Move Mortgage Blog","description":"Team Move Mortgage Blog and Resources","publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/teammovemortgage.com\/blog\/#organization","name":"Team Move Mortgage Blog","url":"https:\/\/teammovemortgage.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","contentUrl":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","width":317,"height":86,"caption":"Team Move Mortgage Blog"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37","name":"Russell Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","caption":"Russell Smith"},"sameAs":["https:\/\/teammovemortgage.com"],"url":"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/"}]}},"_links":{"self":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/2216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/comments?post=2216"}],"version-history":[{"count":1,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/2216\/revisions"}],"predecessor-version":[{"id":9493,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/2216\/revisions\/9493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/media?parent=2216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/categories?post=2216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/tags?post=2216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}