Discover VA Loan Refinancing & VA IRRRL Rates

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VA IRRRL rates

6.000 % interest^{See note2}
6.112% Annual Percentage Rate^{See note3}

You can include all costs in a VA IRRRL and we'll cover your title and funding fees. We don't charge an origination fee for any of our VA mortgage loans.

VA IRRRL benefits

Lower interest rate

You could save on your monthly payment by refinancing your VA loan.
Less paperwork

The VA IRRRL process is much simpler, and fewer documents are required.
Lower closing costs

In most cases, you could save with $0 out of pocket.

It's easy to get a VA IRRRL.

Call us at 800-531-0341. We'll work with you every step of the way.

Step 1: Answer a few questions.

You'll need your VA loan interest rate and what you pay for insurance, taxes and dues for your homeowners association, or H O A.
Step 2: Provide a few documents.

In some cases, you may only need to show proof of homeowners insurance and any H O A documents.
Step 3: Sign your new loan documents.

We'll work with you to schedule a closing day.

Mortgage payment calculator

The monthly payment amount shown is based on information you provided and is only an estimate.^{See note4}

Why USAA Bank for a VA IRRRL

Top VA Home Loan Lender^{See note5}

USAA Bank is ranked one of the top VA mortgage lenders.
20+ Years

USAA Bank has more than 20 years of experience with VA home loans.
Over a Century of Service

USAA has served the military since its founding in 1922.

Other refinance loans^{See note6}

You may need a cash-out refinance^{See note7} if you plan to tap into your home's equity up to a cash-out limit of $500,000. Use the cash how you like.

Explore refinance options

See more rates

VA IRRRL frequently asked questions

Expand all frequently asked questions

When should I consider a mortgage refinance?

How long does it take to refinance?

Could my payment be higher with a VA IRRRL?

It's possible. You could see an increase in your monthly payment if you add the closing costs or discount points to your loan. You might also see an increase if you're reducing your term or refinancing an adjustable-rate mortgage, or A R M, to a higher-rate loan.

When you apply for a VA IRRRL, the principal and interest on the new loan must be less than the current loan, unless you meet one of these exceptions:

You're refinancing an A R M to a fixed-rate loan.
The IRRRL term is shorter than the existing loan.
You're planning to make home energy improvements with the IRRRL.

Learn more about refinancing

When should I refinance my mortgage?

Read article about When should I refinance my mortgage?
What your home is worth - and why it matters

Read article about What your home is worth - and why it matters
VA-backed loan information

Read article about VA-backed loan information

Note 1 USAA Bank covers the title and VA funding fee on a VA IRRRL. Payment of discount points, taxes and insurance and HOA fees are the responsibility of the borrower.

Note 2 The advertised rates and points are subject to change without notice at any time and are not available to every borrower. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and our internal credit criteria. The advertised rates are based on a fixed rate mortgage loan and rates will vary based on the term of the mortgage loan and property location. Other rates, points, and terms may be available. All loans are subject to credit and property approval. Property insurance is, and flood insurance may be, required.

Note 3 APR (Annual Percentage Rate) is a rate used to calculate your cost of borrowing in a year. Unlike interest rates, APR factors in the amount borrowed, the interest rate, points, one-time fees, and discounts to determine a more accurate yearly cost. The standardized APR formula is used to make it easier for consumers to compare rates at different businesses.

Note 4 This mortgage calculator is intended to assist you with estimating monthly mortgage payments. This amount does not include VA funding fee, private mortgage insurance, and other costs associated with owning a home. All examples are based on the information entered and are for illustrative purposes only. This is not an offer to lend.

Note 5 In 2023, USAA Bank originated the 5th highest total of VA purchase home loans and ranked in the top 10 lenders for the highest amount of VA loan volume among more than 1,300 lenders. Source: Department of Veterans Affairs Lender Statistics.

Note 6 A home loan refinance may be useful for many customers who want to lower their monthly debt payments. However, a refinance is secured by your home, has closing costs and may ultimately require paying more in interest over time.

Note 7 USAA Bank does not offer a cash out refinance product in the state of Texas.

VA loans may include a funding fee, which may be financed up to the maximum allowed loan amount.

VA IRRRL: All VA rules, guidelines and additional program requirements will apply. Except as provided by applicable VA guidelines, the same parties obligated on the original loan must be the parties on the title and obligated on the new loan. Proceeds from the new loan will only be used toward payment of the original loan amount. No cash back can be received from the new loan. Payment of discount points, taxes, insurance and HOA fees are the responsibility of the borrower. Other exclusions apply. Refinancing either to lower the monthly payment or change from a variable-rate to a fixed-rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.

USAA Bank Mortgage offers mortgage products to members where the property is located within the Continental United States, Alaska, Hawaii, and the District of Columbia. Excludes properties within U.S. Territories. In certain states, product restrictions may apply.

Membership eligibility and product restrictions apply and are subject to change.

"USAA Bank" means USAA Federal Savings Bank.

Bank products offered by USAA Federal Savings Bank.

USAA FSB NMLS 401058

6000704

VA Home Loan Refinance

VA IRRRL may help you save.

VA IRRRL rates

VA IRRRL benefits

Lower interest rate

Less paperwork

Lower closing costs

It's easy to get a VA IRRRL.

Step 1: Answer a few questions.

Step 2: Provide a few documents.

Step 3: Sign your new loan documents.

Mortgage payment calculator

Estimated monthly payment

Why USAA Bank for a VA IRRRL

Top VA Home Loan Lender^{See note5}

20+ Years

Over a Century of Service

Other refinance loans^{See note6}

VA IRRRL frequently asked questions

Learn more about refinancing

When should I refinance my mortgage?

What your home is worth - and why it matters

VA-backed loan information

Apply for a VA IRRRL today.

VA Home Loan Refinance

VA IRRRL may help you save.

VA IRRRL rates

VA IRRRL benefits

Lower interest rate

Less paperwork

Lower closing costs

It's easy to get a VA IRRRL.

Step 1: Answer a few questions.

Step 2: Provide a few documents.

Step 3: Sign your new loan documents.

Mortgage payment calculator

Estimated monthly payment

Why USAA Bank for a VA IRRRL

Top VA Home Loan LenderSee note5

20+ Years

Over a Century of Service

Other refinance loansSee note6

VA IRRRL FAQfrequently asked questions

Learn more about refinancing

When should I refinance my mortgage?

What your home is worth - and why it matters

VA-backed loan information

Apply for a VA IRRRL today.

Top VA Home Loan Lender^{See note5}

Other refinance loans^{See note6}

VA IRRRL frequently asked questions