I receive numerous offers to refinance my VA Loan through the Interest Rate Reduction Refinance Loan (IRRRL) program.  Having a current VA Loan at 3.75%, my interest was piqued when I was offered an IRRRL loan at 2.25%.  Further, the rate I see for new VA Loans is 4.098%.  How is it that IRRR Loans can offer such a low rate?  


Anyone have experience with IRRRL that can shed light?


@MARes1, We appreciate you bringing such a great question to our Member Community. I would encourage you to reach out to one of our Loan Officers by calling 1-800-531-0341 to discuss your specific loan questions. ~ Suzy 

Call another lender - everyone at usaa is dumb

Absolutely no way I would involve USAA in refinancing my house.  If you use USAA, you will regret it.