

An IRRRL, also known as a VA Streamline Refinance, is a specialized refinancing option for veterans, active-duty military members, and eligible surviving spouses. It’s designed to reduce the interest rate on your existing VA loan, potentially saving you money each month, even if you have little or no equity in your home.
-
No Income or Assets Required: You don't need to provide proof of income or assets (unless required for closing costs), making the application process much easier.
-
No Appraisal or Credit Check: The IRRRL process eliminates the need for a home appraisal or credit check, simplifying your refinancing journey.
-
Little to No Upfront Costs: Closing costs can be rolled into the new loan, allowing you to refinance with little or no money paid upfront.
-
Lower Monthly Payments: By refinancing to a lower interest rate, you can reduce your monthly mortgage payments, giving you more financial flexibility.
-
Flexible Terms: You have the option to shorten your loan term to pay it off faster or extend it for even lower monthly payments.
Questions? We can help.
Monday - Friday 9AM - 6PM
and Saturday 10AM - 2PM CST

Talk to a Mortgage Specialist
972-705-4845
Get a personalized consultation.
Eligibility Requirements
To qualify for an IRRRL, you must meet the following criteria:
-
VA Loan Eligibility: You must have an existing VA loan and VA loan eligibility.
-
Military Service History: You need to provide documentation of eligible military service history.
-
Current on Payments: You must be current on your existing VA loan, having made at least six payments.
-
Lower Interest Rate or ARM Conversion: The IRRRL is designed to lower your interest rate or refinance you out of an Adjustable-Rate Mortgage (ARM).
-
Lower Monthly Payment or Reduced Loan Term: The new loan must either lower your monthly payment or reduce the overall loan term.
Consider These VA Home Loan Benefits
You May Also Be Interested In
Use our VA Home Loan Calculator
*Information and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee the accuracy of the calculators or their applicability to your circumstances. You may contact us so that we may provide you with even more details and information about our products.
Get a good look at where you are and where you're going next.
Financial CalculatorsVA Mortgage FAQs
Along with the down payment and monthly payment, you have:
- Closing costs, which may be between 1% and 5% of the loan
- Property taxes
- Home insurance
Plus, as a homeowner, you’re responsible for upkeep and maintenance, so it’s a good idea to have extra money budgeted for those expenses.
Why CUTX?
We're Here To Help
Visit your local branch
We have several convenient locations in North Texas. Come see us!
Ready to apply?
Apply online now or get started if you need assistance with your application.
NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Prequalification is not a commitment to lend. Membership required.