Exposed,

Credit Myths That Cost Veterans Better Rates

January 2026

After years in VA lending, I've learned that misinformation about credit scores costs veterans thousands in potential savings. As the founder of EZ-IRRRL, I created our automated system specifically because I witnessed too many veterans missing out on better interest rates due to credit misconceptions.

The Truth About Credit Monitoring Apps

Veterans often ask me about credit monitoring apps and why their scores differ from what lenders see. What most veterans don't realize is that consumer credit apps typically use different scoring models than mortgage lenders. While your app might show a 720 score, lenders might see a 680.

The key concept to understand is that mortgage lenders use specialized FICO models that weigh factors differently than consumer versions. In my experience with VA lending, this discrepancy leads to unexpected rate adjustments when veterans apply based on their app scores.

The "Credit Pull Damage" Myth

One persistent myth I correct daily: "Shopping for rates will destroy my credit score." This misconception prevents veterans from finding their best IRRRL option.

Here's the insider knowledge I share: FICO's algorithm actually allows for rate shopping. Multiple mortgage inquiries within 14-45 days count as just one inquiry. The VA designed the IRRRL program for rate improvement, yet many veterans avoid exploring options due to this credit myth.

The Credit Utilization Misunderstanding

Veterans frequently believe carrying small balances on credit cards helps their scores. This simply isn't true. High utilization ratios—even 30%—can significantly impact your score and subsequently your IRRRL rate.

I created EZ-IRRRL because I saw veterans paying needlessly higher rates due to easily correctable utilization issues. Our automated system identifies these opportunities and guides veterans through simple adjustments that can yield meaningful rate improvements.

Overlooking Authorized User Accounts

Many veterans don't realize that being an authorized user on someone else's high-balance card affects their utilization ratio. This oversight can cost substantial monthly payment reductions on an IRRRL.

Unlike traditional lenders who may overlook this factor, our automated system flags these accounts, potentially unlocking significant long-term interest savings.

Why EZ-IRRRL Makes a Difference

Our streamlined 30-day automated process eliminates human error that often misinterprets credit data. We don't just process IRRRLs—we analyze every credit factor to ensure veterans receive every benefit they've earned.

Remember, the IRRRL program requires NO income verification, NO appraisal, and NO debt-to-income requirements. Combined with credit optimization, these advantages create unparalleled refinance opportunities for those who've served.

This is not an offer to lend. Rates subject to change. Get an official Loan Estimate before choosing a loan. EZ-IRRRL is not affiliated with the U.S. Government.