VA refinance
Lower the rate, or put your equity to work.
Two VA refinance paths cover most situations. Which one fits depends on what you already have and what you want next.
VA Streamline (IRRRL)
- Refinances an existing VA loan into a new VA loan, usually to a lower rate or from an adjustable to a fixed rate.
- Typically limited documentation, and often no appraisal required.
- You only need to certify that you previously lived in the home — so it works on a house you now rent out after PCS.
- Reduced funding fee compared with a purchase loan.
VA cash-out refinance
- Can refinance a VA, FHA or conventional loan into a VA loan.
- Pull cash for renovations, debt payoff, or the down payment on an investment property.
- Requires owner occupancy, an appraisal and full income documentation.
- A popular way to drop mortgage insurance from an FHA loan.
Already renting out the house?
If the home is now a rental and an IRRRL isn't the right fit, a DSCR cash-out refinance can qualify on the property's rent instead of your income. See the investing guide.
Talk to a real person
See if a refinance actually saves you money.
A straight answer in about 10 minutes — no application, no credit pull, no obligation. Se habla español.
Ashley Hickmon · SVP Sales Development & Growth, Fairway Independent Mortgage Corporation · NMLS #250615
Verified client reviews
Trusted by 1,200+ borrowers.
“Ashley went above and beyond to make sure we had the right loan for us. She provided us options so we could run the numbers to make the best decision. There were zero hiccups in the process — smoothest financing we've ever done.”
“Took her time explaining everything to us as we went through the process. She was always available by phone, email or text to answer our questions. She went above and beyond to make everything work, and thought outside of the box.”