FM VA Web Content Viewer (JSR 286)

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FM VA Web Content Viewer (JSR 286)

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What is a VA Refinance?

You can save money by lowering your rate with a VA Refinance. This is an important veteran benefit since this loan will require minimal paperwork and is an option if you don't need to borrow cash from your home. The streamline refinance or an Interest Rate Reduction Refinance Loan (IRRRL) can lower your monthly payment and help your overall budget.

Check out our video to learn more about a VA Refinance.

FM VA Web Content Viewer (JSR 286)

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FM VA Web Content Viewer (JSR 286)

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VA Refinance Benefits

A VA refinance is a great choice for veterans to quickly reduce your rate and stretch your budget. The process is simpler than a traditional VA loan as it features:

  • No money out of pocket as closing costs can be rolled into the new loan
  • Faster closing with one of our VA mortgage specialists
  • Lower rate or better terms
  • No W2s or bank statements are required
  • No home appraisal is required
  • Low funding fee
  • No loan-to-value limit is required
  • No prepayment penalty

You can also use a VA refinance to move from an existing VA adjustable rate mortgage (ARM) to a fixed-rate loan, even if it does not result in a lower rate. However, you cannot get cash out from this type of loan. If you need extra cash for expenses or debt consolidation, you may want to consider a VA Cash Out Refinance.

Message from Freedom Mortgage Sales Team

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John S.

Freedom Mortgage Sales Team

It is my honor to work for a National Mortgage Lender that truly does all that they can to help serve the mortgage needs of our veterans.

FM VA Web Content Viewer (JSR 286)

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VA Refinance Eligibility

To be eligible for a VA refinance, you must:

  • Already have an existing VA loan (which means you do not need to show proof of veteran status with your COE).

    or
  • Be current and ontime on your loan with no late payments for the past 12 months.

    or
  • Refinance to a lower rate, move from an Adjustable to Fixed rate or want to reduce your loan term.

    or
  • Not need any cash out of your home.

    or
  • Certify the home is your primary residence.

You must also meet credit and income requirements. With more than 25 years of VA expertise, we work with you to understand your unique needs and explain your refinance options so you can make the right decision. At Freedom Mortgage, we will guide you through every step of the VA Refinance process.

FM VA Web Content Viewer (JSR 286)

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Process

A VA refinance can be a quicker process especially since you already have an existing VA loan and do not need an appraisal. Here are 4 steps to take to help you get on your way to a lower rate.

  • STEP 1

    Check your VA eligibility

  • STEP 2

    Determine your goal

  • STEP 3

    Lock in your rate

  • STEP 4

    Sign documents & close

FM VA Web Content Viewer (JSR 286)

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What Our Customers Say

At Freedom Mortgage, we are dedicated to providing exceptional service.
Check out the reviews from some of our veteran customers.

FM VA Web Content Viewer (JSR 286)

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Tips & Insights

Get the latest tips and insights to help guide you throughout your homeownership journey.

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5 Things you need to know about VA loans

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5 Facts about VA loans

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Comparing VA and conventional loans

At Freedom Mortgage, our Loan Advisors will help you weigh your financing options and determine the right fit.

FM VA Web Content Viewer (JSR 286)

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Contact Us

Contact Freedom Mortgage today
to explore your loan options.
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How much can I save?

Our refinance calculator can help you determine how much money you may save by refinancing.