Refinancing Relief for Veterans Act

This bill would change the fees the VA charges when veterans refinance a VA home loan to get a lower interest rate (often called an “IRRRL”). It amends the VA’s loan fee table for these specific refinancing loans, which could change how much veterans pay at closing when they use this streamline refi option.

Key points:

• Who is affected: Veterans using the VA’s interest rate reduction refinancing loan to lower their mortgage rate.
• What changes: The VA’s fee amount for these refis would be updated by replacing the current fee line in the law’s loan fee table.
• When: The change would take effect if the bill becomes law; the text does not list a specific start date.