Compare current VA refinance rates

Today’s VA refinance interest rates

For today, Monday, September 15, 2025, the national average 30-year VA refinance interest rate is 7.47%, up compared to last week’s rate of 6.49%. 

VA refinance rates — like mortgage rates more generally — are expected to remain fairly stable for the rest of 2025 and into 2026. That means they're likely to be lower than VA refinance rates of recent years, but higher than their pandemic-era lows. The good news: VA loan rates are often — though not always — lower than their conventional counterparts.

National refinance rates by loan type

Mortgage refinance interest rates vary based on loan term, type and other factors.

What factors impact VA refinance rates?

Like other types of loans, there are a variety of factors that impact VA loan refinance rates, including:

• Credit score and debt-to-income (DTI) ratio
• Type of refinance
• Loan amount and term
• Inflation, market conditions and other economic factors

Types of VA refinance loans

There are two main ways to refinance a VA loan:

• VA streamline refinance: Also called an Interest Rate Reduction Refinance Loan (IRRRL, pronounced “earl”), this type of VA refinance doesn’t require an appraisal or credit check. This can be a great option for VA borrowers who want to refinance to a lower rate.
• VA cash-out refinance: With a VA cash-out refinance, you can refinance your current mortgage — regardless of whether it's a VA loan or conventional loan — into a larger one, and get the difference between your old and new balance in cash. 

How to find the best VA refinance rate

If you’re considering a VA refinance, there are several ways to help ensure you get the best possible rate. Here are our tips: 

Who qualifies for a VA refinance loan?

To qualify for any VA loan, you’ll need to meet specific military service requirements and have a VA certificate of eligibility (COE). The service requirements are as follows:

• You’re currently on active military duty or a veteran who was honorably discharged and met the minimum service requirements;
• You served at least 90 consecutive active days during wartime or had at least 181 consecutive days of active service during peacetime; or
• You served for more than six years in the National Guard or Selective Reserve.

Depending on the type of VA refinance you’re after, there might be additional requirements. For example, VA streamline refinances don’t require some underwriting verifications, but you do need to confirm that you live or lived in the property. VA cash-out refinances, on the other hand, are only allowed on a primary residence where you currently live. Keep in mind, too, that lenders get to set their own criteria for borrowers.

Benefits of a VA refinance loan

A VA refinance loan can save you money and involve less paperwork compared to a conventional refinance. Here are some of the main benefits:

• Competitive rates: VA refinance rates are often lower in relation to other loan types, which can help maximize your savings.
• Low funding fee: Compared to a VA loan for a home purchase, the funding fee for a VA streamline refinance is just 0.5 percent.
• Quicker process: If you go the streamline refinance route, you’ll skip some of the usual steps in the underwriting process — including the appraisal, credit check and income verification.

Additional VA refinance resources

• VA loan calculator
• VA loans vs. conventional loans
• VA loan resources
• Best VA loan lenders

Meet our Bankrate experts

Written by: Jeff Ostrowski, Writer & Housing Market Analyst

I cover mortgages and the housing market. Before joining Bankrate in 2020, I spent more than 20 years writing about real estate and the economy for the Palm Beach Post and the South Florida Business Journal. I’ve had a front-row seat for two housing booms and a housing bust. I’ve twice won gold awards from the National Association of Real Estate Editors, and since 2017 I’ve served on the nonprofit’s board of directors.

Read more from Jeff Ostrowski

Edited by: Alice Holbrook, Editor, Home Lending

I have been a writer and editor in the personal finance space for more than a decade, with more than three of those focused on homebuying and homeownership. I’ve had work appear in outlets including Newsweek, The Washington Post, The Associated Press, USA Today and MarketWatch.

Read more from Alice Holbrook