Lower Your VA Rate With a Streamlined Refinance

If you currently have a VA loan and closed between 2022 and 2023, there’s a strong chance you may qualify for a VA IRRRL (Interest Rate Reduction Refinance Loan) — a simplified VA refinance designed to lower your interest rate and monthly payment with minimal documentation.

Torrey Pines Mortgage specializes in VA IRRRL refinances for homeowners throughout San Diego County, including La Jolla, Del Mar, Carmel Valley, Carlsbad, and Encinitas.

What Is a VA IRRRL?

A VA IRRRL is a streamlined refinance option for existing VA borrowers. It’s one of the simplest refinance programs available and is designed to reduce your interest rate or move you from an adjustable to a fixed rate.

Key VA IRRRL Benefits

• No appraisal required (in most cases)
• No income or employment verification
• Minimal documentation
• Lower interest rate than your current VA loan
• Fast closing timeline

If you’re currently in the 6–7% range, today’s VA IRRRL rates may allow you to reduce your payment meaningfully — often without starting over financially.

Who Qualifies for a VA IRRRL?

You may qualify if:

• You currently have a VA loan
• You’ve made at least 6 on-time payments
• Your refinance results in a net tangible benefit
• The property is your current or prior primary residence

👉 Even borrowers with Chapter 13 bankruptcy, credit events, or limited equity may still qualify.

VA IRRRL Refinance in San Diego County

San Diego VA homeowners face unique factors:

• Higher property values
• Large veteran population
• Competitive refinance timelines

That’s why working with a local VA-focused mortgage broker matters.

Torrey Pines Mortgage focuses heavily on:

• VA IRRRLs for San Diego homeowners
• Accurate VA funding fee analysis
• Clear savings illustrations (not teaser math)
• Fast, compliant closings

Common VA IRRRL Questions

Do VA IRRRLs require an appraisal in California?
Usually no.

Can I roll closing costs into the loan?
Yes, in most cases.

Can I refinance if I used a VA loan in 2022 or 2023?
Yes — many of today’s best IRRRL candidates closed during that period.

Is cash-out allowed?
No. IRRRLs are strictly rate-reduction refinances.

Start Your VA IRRRL Review

If you’re a VA homeowner in San Diego and want to know whether a refinance makes sense without pressure or gimmicks, a quick review can determine:

• Your estimated new rate
• Monthly payment savings
• Whether a VA IRRRL is allowed right now