This is a terrific way to show your VA clients that you are sincerely looking after their best interests. The Interest Rate Reduction Refinance Loan aka IRRRL is a low cost way to help your VA clients refinance their home with ease and save money on their monthly mortgage. This week par Rates on the VA IRRRL were 5.5%. At 6% - 6.25% all closing costs can be paid through the Bank Rebate if you have a willing/generous mortgage originator (if not call me): IRRRL Facts for Veterans* "IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a "Streamline" or a (3 comments)