The VA IRRRL: Lowering Your Veteran Mortgage Rate With No Appraisal in Florida
The VA IRRRL (Interest Rate Reduction Refinance Loan) allows Florida Veterans who already have a VA loan to lower their interest rate and monthly payment with no home appraisal and no income verification. It is the fastest, easiest way to drop your mortgage rate without paying out-of-pocket closing costs.
As an independent Florida mortgage broker, AAA Capital Funding uses the VA’s streamlined guidelines to lower your rate, with every fee shown up front. Buying instead of refinancing? Start with our VA loans in Florida page.
How the VA IRRRL Works
1. No Appraisal Required
The Department of Veterans Affairs doesn't care what your home is currently worth. Even if your property value has dropped, the VA IRRRL usually requires no appraisal, so a drop in value won't stop it.
2. No Income or W2 Checks
Because you have already proven your reliability by making your current VA loan payments on time, the VA doesn't require us to re-verify your income, W2s, or tax returns. It is a pure paperless fast-track.
3. Drastically Reduced Fees
The standard VA Funding Fee is slashed to just 0.5% for an IRRRL. If you have a service-connected disability rating of 10% or higher, that fee is completely waived, which cuts the cost of the loan considerably.
See What an IRRRL Saves You.
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We'll run the numbers to show you exactly how much your rate will drop and how much cash you'll save every month.
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AAA Capital Funding, Inc. · NMLS #374739 · Jason J. Sarji, NMLS #374700