If you currently have a conventional or FHA mortgage but are an eligible veteran or active duty service member, you may be able to refinance into a VA loan — and the benefits can be significant.
Why Switch to a VA Loan?
Eliminate PMI or MIP. Conventional loans require Private Mortgage Insurance (PMI) if your equity is below 20%, and FHA loans charge Mortgage Insurance Premiums (MIP) for the life of the loan. VA loans have no monthly mortgage insurance requirement, which can save hundreds of dollars per month.
Lower Your Interest Rate. VA loans typically offer some of the most competitive interest rates available, often lower than conventional loan rates for borrowers with similar credit profiles.
Access Your Equity. A VA Cash-Out Refinance allows you to refinance up to 100% of your home's appraised value, giving you access to your equity for home improvements, debt consolidation, or other needs.
What You Need to Qualify
To refinance from a conventional or FHA loan into a VA loan, you'll need to meet standard VA eligibility requirements:
To find out if switching to a VA loan makes sense for your situation, call us at 888-659-0033 or apply online today.
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Talk to a Loan Officer Today
Our team is ready to answer your questions and walk you through your options.
Call (888) 659-0033
