VA Mortgage Refinance

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The VA Refinance Programs

The VA has two unique refinance programs for Veterans. The cash out refinance and interest rate reduction refinance loan.

VA Cashout Refinance

The VA Cashout refinance loan program offers Veterans to borrower up to 100% of the current value of their home for a variety of financial benefits, including the opportunity to consolidate debts, fund home renovation projects, supplement educational expenses, or utilize the resources at their discretion. Additionally, this program provides borrowers with the ability to refinance and settle an existing non-VA mortgage, with or without receiving cash proceeds, which may assist borrowers in achieving long-term financial goals.

VA Streamline

The Interest Rate Reduction Refinance Loan commonly referred to in the industry as a VA streamline. This program permits veterans to refinance their existing VA mortgage to a lower interest rate or convert their VA adjustable rate to a fixed-rate loan.

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