VA loan benefits

Refinance with VA flexibility

Whether it’s a lower payment or extra cash from equity, explore using benefits for a mortgage upgrade.

Smiling woman in winter jacket sitting on snowy front steps under an American flag, with text reading "Lifetime benefits."Smiling woman in winter jacket sitting on snowy front steps under an American flag, with text reading "Lifetime benefits."

VA refi benefits built to help you save more

Lower rates & payments

Access exclusive rates that are often lower than other types of loans.

More equity, more cash

You could qualify to take out up to 100% of your home’s cash equity.

No appraisal required

Eligible IRRRL refis may qualify for a better rate & term, no appraisal typically required.

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Today's VA refinance rates

Monthly payment examples below are for a loan amount of $275k ($1,100k on Jumbo). Taxes and insurance not included within the estimate; actual payment amount will be greater.

VA 30-year fixed

Rate 5.625%
APR
6.129%
Points
2  ($5,500)

VA 30-year jumbo fixed

Rate 5.49%
APR
5.886%
Points
1.625  ($17,875)

Rates are current as of 2:03 AM UTC on June 11, 2026

Legal disclosures

The Rocket Mortgage Refinance Rates are for estimation purposes only. Every situation is different. Results do not reflect all loan programs and are subject to individual program loan limits. Qualification, rates and payments will vary based on timing and individual circumstances. Mortgage rates and pricing could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. Lending services may not be available in all areas. Some restrictions may apply. This is not a commitment to lend. 30-year Fixed-Rate VA Loan: Payment assumes a loan-to-value (LTV) of 60.00%.

VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

30-year Fixed-Rate VA Jumbo Loan: Payment assumes a loan-to-value (LTV) of 70.00%.

VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

Assumptions:

For all rates shown, unless otherwise noted, we assumed:
  • You’re buying a single-family home that’s your primary residence.
  • Closing costs will be paid up front, not rolled into the loan.
  • Your debt-to-income ratio is less than 43%.
  • Your credit score is 740.
  • You’ll have an escrow account for payment of taxes and insurance.
Explore more rates

Hear from military families who chose Rocket Mortgage

Best VA loan mortgage provider I have ever used. Appreciate guidance and banker advice that streamlined the loan to my exact needs with a lower interest rate.

Anthony E.

Rocket Mortgage was very helpful from start to finish...The whole process took less than a month...for a VA loan. Overall, I like that Rocket services its own loans, not selling to others like many lenders. Thank you Rocket for making it an easy and pleasant process.

H.G.L.

Rocket Mortgage was so fast and supportive. All my questions were quickly and thoroughly answered...[and] they helped my family understand additional veteran property tax reductions we were eligible for but unaware of. Thank you sooo much Rocket Mortgage!!! You saved us a bundle of money.

Erin S.

Rocket Mortgage was fantastic!...We started with another bank that holds itself out as friendly to families of U.S. Military. We jumped to Rocket Mortgage, told them the situation and they got it done in two weeks and we closed on time. Outstanding!

Christopher G.

TrustPilot

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We're serving those who've served us

Meet Robert, who didn’t think his service qualified for a VA loan. Turns out it did, and it opened the door to the home he wanted.
Robert B., an elderly veteran wearing a white shirt holds the American flag.

Video

Frequently asked questions from military families on refinance

You can also get help from a Home Loan Expert

It’s a common misunderstanding that you can only use your VA home loan benefit once.



The truth is you can use your VA home loan benefit many times throughout your life. The misunderstanding may come from the guideline that VA-backed loans should be used on primary residence. That means that usually you can only have one VA home loan at a time.



There are some exceptions. For example, if you are moving due to a permanent change of station (PCS) order, you can own two homes with two different VA loans for a limited time.



There are other situations where you might have two VA loans at the same time. Learn more about how many times can you use a VA loan at our Learning Center. If you want answers to specific questions about your situation, reach out to us and ask for one of our VA loan experts.

VA loans don’t just come with benefits for home buyers. Eligible homeowners can benefit too, whether you have a VA loan now or refinance to one.

Use more of your home equity. Equity is the difference between the value of your home and what you owe on it. With a conventional loan, you typically can only access up to 80% of your home equity. A VA loan can allow you access 100%.

Take cash out with lower credit than other loans. Your credit can be as low as 580 to take cash out, compared to 620 for other loan types.

The main thing that sets VA loans apart is they’re only available to eligible service members, veterans and surviving spouses. That’s because they’re backed by the U.S. Department of Veterans Affairs (VA). Here are some other ways VA loans are different.

  • You need a Certificate of Eligibility from the VA to show lenders you qualify for a VA loan.
  • In most cases, you won’t need a down payment to buy a home. Don’t forget you’ll still need funds for closing costs.
  • You won’t pay private mortgage insurance on a VA loan. Instead, you may have to pay the VA Funding Fee.

These articles will help you learn more about how VA loans compare to other home loans. 

FHA vs. VA loans: what's the difference, and which one is best for you?
 VA loan vs. conventional loan: What's the difference?

The interest rate reduction refinance loan (IRRRL), also called a VA streamline refinance, is for people in the following situation:

  • Already have a VA loan
  • Want a lower interest rate to get a lower monthly mortgage payment
  • Or want to change from an adjustable-rate mortgage to a fixed mortgage

It’s called “streamline” because you typically don’t need an appraisal and there’s often less paperwork compared to just refinancing. Your credit can be as low as 580 to refinance using the IRRRL.

Unfortunately, you can’t take cash out with a VA streamline refinance. Whatever your goal, if you’re exploring refinancing we’ll help you know all your options and most importantly, if refinancing is right for you.



Learn more about VA streamline refinance.

 Get VA loan tips

It’s an honor to serve you

Serving those who served for us, we’ll help you maximize your VA loan benefits and bundle discounts to get the most out of your home equity

Important legal disclosures

Rocket Mortgage is a VA-approved lender, not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

Refinancing may cause finance charges to be higher over the life of the loan.

1 The VA Streamline program may have stricter requirements in some states. In order to qualify for the VA Streamline program, you must have a VA loan. The VA Streamline is only available on primary residences. Cash-out transactions are not allowed. In order to qualify for a VA Streamline, a 0.5% minimum reduction in interest rate on the previous fixed-rate loan must occur if the new loan will be a fixed rate or a 2% minimum reduction in interest rate on previous adjustable rate mortgage loan must occur; a minimum of 6 months of consecutive mortgage payments must be paid on the current loan at the time of application. Some states may require an appraisal. Additional restrictions/conditions may apply.