VA Refinance
Lower your rate, shorten your term, or switch from a conventional loan to a VA loan — all with $0 down and no PMI.
Program Overview
VA refinancing allows eligible veterans and service members to take advantage of their VA benefit to improve their current mortgage terms. Whether you currently have a VA loan or a conventional/FHA loan, you may be able to refinance into a VA loan with better rates and no mortgage insurance. Airus Lending specializes in VA refinances and can help you determine the best option for your situation.
Who Is This Loan For?
- ✓ Veterans currently paying a higher interest rate
- ✓ Borrowers with a conventional or FHA loan who are VA-eligible
- ✓ Homeowners looking to shorten their loan term
- ✓ Veterans who want to eliminate PMI by switching to VA
Key Benefits
Competitive Interest Rate
VA loans may offer competitive rates compared with other loan programs, depending on borrower profile, lender pricing, and market conditions.
No PMI
Refinancing to a VA loan eliminates PMI if you currently have it on a conventional or FHA loan.
Flexible Options
Rate-and-term refinance, IRRRL, or cash-out — choose the refinance type that fits your goals.
No Down Payment on Rate/Term
Refinance up to 100% of your home value with no additional cash needed.
Qualification at a Glance
General Requirements
- Valid Certificate of Eligibility
- Current on existing mortgage payments
- Property serves as primary residence
- Sufficient credit and income documentation
Documents Typically Needed
- DD-214 or Statement of Service
- Certificate of Eligibility
- Current mortgage statement
- Recent pay stubs and W-2s
- Bank statements
Frequently Asked Questions
Yes. If you are VA-eligible, you can refinance a conventional, FHA, or USDA loan into a VA loan through a VA rate-and-term refinance. This eliminates PMI and often provides a lower rate.
Broker Disclosure: Scout Financial Group Inc DBA Airus Lending is a licensed mortgage broker (NMLS #2187418) and does not make loans or credit decisions. Airus Lending works with multiple wholesale lenders to help borrowers compare available loan options. Final approval depends on the lender, automated underwriting findings, documentation, state requirements, and overall borrower profile. Not all applicants will qualify.