Compare VA refinance rates

Find and compare current VA refinance rates from lenders in your area. You may qualify for an Interest Rate Reduction Refinance Loan (IRRRL) or a VA cash-out refinance loan.

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Loan purpose

Cash-out

Are you a veteran?

Eligible for an FHA loan?

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INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

How to find the current VA refinance rate

NerdWallet’s mortgage rate tool can help you find competitive, customized VA refinance rates. In the “Refine results” section, enter a few details about your current VA loan. In moments, you’ll get a rate quote tailored to meet your needs, without providing any personal information. From there, you can start the process of getting approved for your VA refinance. It’s that easy.

What is a VA loan and who is eligible?

A VA loan is a mortgage that requires no down payment, no mortgage insurance and is available to active-duty military, veterans, military spouses, reservists and National Guard members. The VA loan program, backed by the U.S. Department of Veterans Affairs, aims to help service members and veterans enjoy the benefits of home ownership.

Credit score and credit history requirements for VA loans are not as strict as those with some other government programs and conventional loans. The VA guarantee gives lenders the confidence they need to make these loans even if the borrower’s credit isn’t up to typical mortgage standards.

How much does a VA refinance cost?

Even if you meet VA loan eligibility requirements, you’ll need to pay a funding fee when you refinance. The fee varies depending on whether you’re getting an IRRRL or a cash-out refinance. It also depends on whether you’re active-duty military or in the National Guard or Reserves, whether you’re disabled, or if you’re the surviving spouse of a service member. The fee for an IRRRL is 0.5% of the loan value, and for cash-out refis the fee varies from 2.15% to 3.3%. It can be lower for some refinances and can be waived for disabled veterans and some surviving spouses. You’ll also be responsible for other closing costs, such as appraisals and inspections.

How do I refinance a VA loan?

You can refinance your VA loan two ways:

  • With an Interest Rate Reduction Refinance Loan, also known as an IRRRL or a VA streamline. To refinance into an IRRRL, you must already have a VA mortgage. The interest rate must be lower on your new loan, unless you’re refinancing out of a VA loan with an adjustable rate.
  • With a VA cash-out refinance. If you want to tap into your home’s equity, you can refinance your current mortgage — whether it’s VA or conventional — into a VA cash-out refinance loan.

Learn more about VA loans: