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VA Loan Refinancing Options

Veteran and active military that own homes can refinance their home loans with no money out-of-pocket thorugh the VA Benefits Program. There are currently two different VA Refinancing options to lower interest rates and reduce monthly mortgage payments.

Review Loan Guidelines and 2023 Eligibility Requirements to see if you are eligible for a qualifying VA Loan.


Commonly called VA Streamline - the Interest Rate Reduction Refinancing Loan focuses on lowering the interest rate on VA mortgage loans for homeowners. An IRRRL does not require an appraisal or income verification. This rate and term refinancing option offers no cash back.

Cash-out VA Refinance

This refinancing option for homeowners involves agreeing to new rates and terms on a VA home loan to get a lower interest rate and to take added cash equity from the value of the home.