Skip to content
Novum Home Loans
Get Started

VA IRRRL

A Lower Rate, With Far Less Paperwork

The VA Interest Rate Reduction Refinance Loan exists to make one thing simple: lowering the rate on a VA Loan you already have.

  • Minimal paperwork
  • Often no appraisal required
  • Designed to lower your monthly payment
  • Built for loans already backed by the VA

Start Your Refinance Quote

Takes about a minute. No credit pull and no SSN needed for this step. It is a quote, not a commitment.

Start my refinance quote

Why the IRRRL Is Different

A standard refinance asks you to prove everything again. The IRRRL was designed to avoid most of that.

  • Less Paperwork

    Streamlined by design. Far fewer documents than a standard refinance, and a faster path from start to close.

  • A Lower Monthly Payment

    The point of the loan is the rate. If rates have fallen since you closed, this is the simplest way to take advantage.

  • No Mortgage Insurance

    As with any VA Loan, there is no monthly private mortgage insurance to pay.

  • For Existing VA Loans

    The IRRRL is available when you already have a VA-backed loan. If you are not sure, we will check for you.

The Stars and Stripes flying from the porch of a family home

Why Novum Home Loans?

  • VA Loan Expertise

    Work with mortgage professionals who understand VA guidelines, entitlement and military homebuyers.

  • Real People, Not a Call Center

    Get direct access to your loan team throughout the process.

  • Know Your Options Upfront

    We'll walk you through your VA financing options so you can make an informed decision.

  • Guidance Through Closing

    From your Certificate of Eligibility to appraisal and closing, you'll know what comes next

How It Works

It starts with a clear, accurate quote. It is not a commitment and there is no pressure to move forward.

  1. Confirm the Loan You Have

    We check that your current mortgage is VA-backed and eligible for the streamline route.

  2. Compare the Rate

    We show your current payment beside the new one, with the costs set out plainly.

  3. Close With Minimal Fuss

    Fewer documents, often no appraisal, and a team that keeps you informed throughout.

Start my rate quote

What Our VA Borrowers Are Saying

Travis and the entire mortgage team at Novum Home Loans are incredible! They go above and beyond by hosting VA seminars for our clients, making sure they fully understand the process from start to finish. They're experienced, well-educated, and most importantly, they genuinely care. Their communication is top-notch, which is essential in a market that's constantly changing.
Natalie P.
We used Novum in 2024 to purchase a vacation home. I've used big banks and mortgage brokers in the past, and the experience with Novum was superior to all others in every way. We closed on the property within 30 days of signing the contract. Everyone involved was shocked at how efficient Novum handled the process from the start to finish.
Justin S.
Exemplary service. Our third home loan, and by far the simplest and most straightforward of the three. Outstanding communication throughout. Absolutely satisfied! Great outfit.
Dixon G.

Review 1 of 3

Answers

Questions? We’ve Got Answers.

Get the details you need to feel confident about your next step.

Do I need to already have a VA Loan?

Yes. The IRRRL is a streamline refinance for loans that are already backed by the VA. If you are not certain whether yours is, tell us and we will check for you.

Do I need an appraisal?

Usually not. Skipping the appraisal is one of the main reasons the IRRRL is faster and cheaper than a standard refinance, though there are situations where one is still required.

Can I take cash out with an IRRRL?

No. The IRRRL exists to lower your rate and payment. If you want to access your equity, that is a VA cash-out refinance, which is a different loan with a different process.

Is there a funding fee?

There is, and it is lower than on most other VA Loans. It can normally be financed into the loan, and it is often waived for Veterans receiving compensation for a service-connected disability.

How much paperwork is involved?

Far less than a standard refinance. That is the point of the loan. We will tell you exactly what we need at the outset rather than drip-feeding requests at you.

Not seeing your question? Ask us. We answer these all day, and there is no wrong question. Call (210) 794-9511

Find Out What a Lower Rate Would Save You

A free, personalized refinance quote in about a minute. No credit pull, no obligation.

Start my refinance quote

Equal Housing Opportunity

Novum Home Loans LLC. NMLS #2487386.

Other limitations may apply. Novum Home Loans LLC D/B/A Novum Home Loans. NMLS #2487386. Licensed in VA (MC-8089), GA (2487386), FL, CO, MD, OK (OK MB016151), AR (2487386), TX, and CA (60DBO-210614). For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.