A Special Refinance Opportunity for Veterans with VA Loans that Could Lower Monthly Mortgage Payments
If you have a VA loan, you may qualify for a simplified and powerful way to refinance—called the VA Interest Rate Reduction Refinance Loan (IRRRL), or more commonly, the VA Streamline Refinance.
This government-backed program is designed specifically to help veterans lower their monthly mortgage payments or switch to a more stable loan product with less hassle and fewer requirements.
Apply Now for IRRRL Loan
Why Choose a VA IRRRL?
Here’s how this streamlined refinance could benefit you:
Lower Your Interest Rate
If current interest rates are lower than when you first financed your home, you may be able to reduce your monthly mortgage payments.
No Appraisal or Income Verification
With INB, there’s no need for a home appraisal or lengthy paperwork—saving you time and stress.
Minimal to No Out-of-Pocket Costs
You can roll closing costs into your new loan or choose a slightly higher interest rate to cover them—keeping cash in your pocket.
Fast, Simple Process
As a “streamlined” option, the IRRRL is quicker and easier than traditional refinancing, helping you lock in savings without delays.
Are You Eligible?
You may be eligible for an IRRRL if you meet these requirements:
- You're using the IRRRL to refinance your existing VA-backed home loan, and
- You will need to certify you live in or used to live in the home covered by the loan.
Please note: This loan is not a cash-out refinance. It’s built purely for long-term savings and payment stability.
Let INB Help You Maximize Your Military Benefits
As a proud supporter of veterans, INB is honored to help you navigate this opportunity. Our team understands the value of your time and service—and we’re committed to making this process as smooth and beneficial as possible.
Let’s talk about whether a VA IRRRL is the right fit for you. Contact an INB mortgage lender:
Springfield and surrounding areas
Peoria and Galesburg
Champaign
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