VA Form 26-8923 Interest Rate Reduction Refinancing Loan Worksheet PDF Details

Section I is the Initial Computation, Section II the Preliminary Loan Amount and Section III the Final Computation.

Who signs: Signature and title of officer of lender (sign in ink).

Rounding: Maximum loan amount may be rounded off, but must always be rounded down to avoid cash to the veteran.

Response: Your obligation to respond is voluntary; however, failure to complete the form could result in your making a loan in excess of the allowable amount.

Superseded: This form supersedes VA Form 26-8923, DEC 2021, which will not be used.

Question	Answer
Form Name	VA Form 26-8923 Interest Rate Reduction Refinancing Loan Worksheet
Form Length	1 page
Fillable?	Yes
Fillable fields	30
Avg. time to fill out	5 min
Other names	VA Form 26-8923, 26-8923, VA Form 26 8923, Form 8923
Who signs	The officer of the lender
Edition	NOV 2024
Matches the agency's file	Yes, checked October 25, 2026
Official source	VA Form 26-8923 (NOV 2024), Interest Rate Reduction Refinancing Loan Worksheet, U.S. Department of Veterans Affairs

How to Fill Out VA Form 26-8923

VA Form 26-8923 at a glance

What it is: VA Form 26-8923, the Interest Rate Reduction Refinancing Loan Worksheet, is submitted when requesting guaranty on an Interest Rate Reduction Refinancing Loan.

Who signs: The Signature and Title of Officer of Lender is signed in ink.

A filled-in VA Form 26-8923 example: a lender works out the maximum loan amount

VA Form 26-8923 example filled out, example: a lender works out the maximum loan amount — A lender's officer completes the Interest Rate Reduction Refinancing Loan Worksheet. The existing balance is 200,000 dollars and the veteran makes a 5,000 dollar cash payment. The picture shows the finished worksheet signed in ink, and all its values are invented. The discount and origination fee are each 1 percent and the funding fee is 0.5 percent of line 4. The line 11 discount is 1 percent of line 10 and the line 17 funding fee is 0.5 percent of line 16. Other allowable closing costs and prepaids are 3,000 dollars.

How to fill out VA Form 26-8923, box by box

VA loan number

When requesting guaranty on an Interest Rate Reduction Refinancing Loan, enter the VA loan number.

Section I, initial computation

Under Section I, Initial Computation, enter the Existing VA Loan Balance (plus cost of energy efficient improvements) on line 1, subtract any cash payment from the veteran on line 2 and enter the Total on line 3.

Section II, preliminary loan amount

Under Section II, Preliminary Loan Amount, enter the total from line 3 on line 4, then add the % discount based on line 4 on line 5 and the % origination fee based on line 4 on line 6.

Add the % funding fee based on line 4 on line 7, add other allowable closing costs and prepaids on line 8 and enter the Total on line 9.

Section III, final computation

Under Section III, Final Computation, enter the total from line 9 on line 10, add the % discount based on line 10 on line 11 and enter the Subtotal on line 12.

Subtract the amount shown on line 5 on line 13 and enter the Subtotal on line 14, then subtract the amount shown on line 7 on line 15 and enter the Subtotal on line 16.

Add the % funding fee based on line 16 on line 17; line 18 is the Total, the Maximum Loan Amount.

The maximum loan amount may be rounded off, but must always be rounded down to avoid cash to the veteran, and round-off amounts of less than $50 do not require recomputation (checked October 20, 2026).

Lender name, date and signature

Enter the Name of Lender and the Date.

Common questions about VA Form 26-8923

When is this form not the right one?

VA Form 26-8923 NOV 2024 supersedes VA Form 26-8923, DEC 2021, which will not be used.

Sources

[1] VA Form 26-8923 (NOV 2024), Interest Rate Reduction Refinancing Loan Worksheet, U.S. Department of Veterans Affairs (the Official source link on this page).

VA Form 26-8923: Interest Rate Reduction Refinancing Loan Worksheet