Edited and reviewed by CEO Vatche Saatdjian — 30+ years of experience — Expert on FHA loans
Interest Rate Reduction Refinance Loan (IRRRL) for Nevada veterans. Lower your VA mortgage rate with minimal paperwork, no appraisal required, and streamlined approval for Las Vegas, Henderson, Reno homeowners.
The Interest Rate Reduction Refinance Loan is the VA's streamlined refinancing option designed exclusively for veterans to reduce their monthly mortgage payment with minimal hassle
Less paperwork, no income verification, no employment verification, no credit check (in many cases). Designed to be fast and simple for Nevada veterans already using a VA loan.
In most cases, no new property appraisal is required. This saves time and money compared to traditional refinances and speeds up approval for your Nevada home.
Lower your interest rate, reduce monthly payments, and save thousands over the life of your loan. The IRRRL must result in a financial benefit to you - it's built to save you money.
With VA IRRRL, you can finance 100% of closing costs into your new loan. No cash needed upfront to start saving on your Nevada mortgage.
The VA IRRRL refinance process is streamlined for speed and simplicity. Here's exactly what to expect when refinancing your Nevada VA loan
Compare current VA IRRRL rates to your existing rate. If rates have dropped 0.5% or more since your original loan, an IRRRL could save you significant money. Contact us or use our rate checker to see today's rates for Nevada veterans.
Complete a short IRRRL application. You'll need:
Our underwriters verify your on-time payment history (typically last 6-12 months) and confirm eligibility. No need for income verification, employment verification, or extensive documentation. Most IRRRL applications are approved within 24-48 hours.
Once approved, secure your new lower rate. Rate locks typically last 30-45 days, giving you time to close without worrying about rate fluctuations. We'll provide a Loan Estimate showing your new rate, monthly payment, and closing costs.
Choose a convenient closing date at a title company in Nevada (or mobile signing if available). Closing takes about 30-60 minutes. Sign the documents, and your new lower rate is official. Your first payment on the new loan is typically due 30-45 days after closing.
Enjoy your lower monthly payment! Your old VA loan is paid off by the new IRRRL, and you'll start making payments at your new reduced rate. Track your savings month after month and put the extra money toward other financial goals.
Start your VA IRRRL application today
Apply for VA IRRRL NowThe VA IRRRL offers unique advantages that make it the fastest, easiest way for Nevada veterans to refinance their VA home loans
Close in as little as 15 days with minimal documentation. The IRRRL is designed for speed - no income verification, no employment verification, and often no appraisal needed.
IRRRL has the lowest VA funding fee at just 0.5% (compared to 2.15%-3.3% for purchase loans). This significantly reduces your refinancing costs.
Lower your interest rate and reduce your monthly payment. Even a 0.5% rate reduction can save you hundreds per month and tens of thousands over the life of your Nevada VA loan.
IRRRL doesn't affect your VA entitlement. You're simply refinancing your existing VA loan to a new VA loan with better terms. Your VA benefit remains fully available for future use if needed.
See how much you could save on your monthly payment and over the life of your loan with a VA IRRRL refinance