Discover the top lenders offering the most competitive VA IRRRL interest rates. Learn about options with low rates, no down payments, and flexible terms tailored for veterans. Find out how these lenders make refinancing easier and more affordable for eligible veterans and military members, with simplified processes and beneficial features to help you save on interest and monthly payments.

Best VA IRRRL Rate Providers

The Department of Veterans Affairs (VA) offers a valuable refinancing option called the Interest Rate Reduction Refinance Loan (IRRRL) for qualified veterans and military members. This program enables existing VA loan owners to lower their interest rates, cut monthly payments, and switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage (FRM). A major advantage is that borrowers do not need a new Certificate of Eligibility or income proof. If you already have a VA loan, IRRRL refinancing is simple. Continue reading to find the leading lenders with the most competitive VA IRRRL rates today.

Veterans United Home Loans has been recognized for closing the highest volume of VA loans from 2016 to 2020. They offer no-down-payment options and programs aimed at first-time buyers, earning a strong reputation for customer service. Their current VA IRRRL rates start as low as 2.750% for 30-year fixed loans and 2.990% for VA Cash-Out Jumbo loans, with rates varying based on credit scores and market factors.

USAA specializes in VA jumbo loans up to $3 million without funding fees. They also provide enhanced insurance options, banking services, and member discounts. Their streamlined online process makes mortgage calculations and pre-approvals quick, though final paperwork is completed offline. VA IRRRL rates are as low as 2.875%, while VA Jumbo IRRRL rates hover around 3.500%.

Navy Federal Credit Union offers benefits like no down payment and no private mortgage insurance for eligible clients. They handle various loan types, including purchase, refinance, jumbo, fixed, and adjustable-rate VA loans, with IRRRL rates between 2.100% and 2.465%, depending on the loan term. Their "Freedom Lock" feature allows borrowers to lock or float rates without extra charges. Navy Federal also provides a rate match guarantee — if a lower rate is found elsewhere, they will match it or give $1,000 after closing.