Find National and your State’s average VA 30 year refinance rates & Cash out rates by credit score. Rates vary by state, credit score, and lender, but are generally 0.125-0.25% lower than conventional loans.
VA refinance rates are typically among the lowest available because of the government guarantee. Click on a state to see all its rates for all loan products.
| 30-year Fixed VA rates | Credit Score | ||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Credit Unions | 6.31% | 6.69% | 6.98% |
| Online lenders | 6.41% | 6.79% | 7.08% |
| Banks | 6.71% | 7.09% | 7.28% |
| Alabama | 6.16% | 6.21% | 6.26% |
| Alaska | 6.14% | 6.19% | 6.24% |
| Arizona | 5.98% | 6.03% | 6.08% |
| Arkansas | 6.22% | 6.27% | 6.31% |
| California | 6.08% | 6.13% | 6.18% |
| Colorado | 6.04% | 6.09% | 6.14% |
| Connecticut | 6.39% | 6.44% | 6.49% |
| Delaware | 6.20% | 6.25% | 6.30% |
| Florida | 5.85% | 5.90% | 5.95% |
| Georgia | 6.34% | 6.39% | 6.44% |
| Hawaii | 5.66% | 5.71% | 5.76% |
| Idaho | 5.99% | 6.04% | 6.09% |
| Illinois | 6.16% | 6.21% | 6.26% |
| Indiana | 6.39% | 6.44% | 6.49% |
| Iowa | 5.85% | 5.90% | 5.95% |
| Kansas | 6.23% | 6.27% | 6.32% |
| Kentucky | 6.27% | 6.31% | 6.36% |
| Louisiana | 6.31% | 6.36% | 6.41% |
| Maine | 6.38% | 6.43% | 6.48% |
| Maryland | 6.17% | 6.22% | 6.27% |
| Massachusetts | 6.12% | 6.17% | 6.22% |
| Michigan | 6.15% | 6.20% | 6.25% |
| Minnesota | 6.22% | 6.27% | 6.31% |
| Mississippi | 6.50% | 6.55% | 6.60% |
| Missouri | 6.16% | 6.21% | 6.26% |
| Montana | 6.45% | 6.50% | 6.55% |
| Nebraska | 6.36% | 6.41% | 6.47% |
| Nevada | 6.03% | 6.08% | 6.13% |
| New Hampshire | 5.90% | 5.95% | 6.00% |
| New Jersey | 6.32% | 6.38% | 6.43% |
| New Mexico | 6.39% | 6.44% | 6.49% |
| New York | 6.12% | 6.17% | 6.22% |
| North Carolina | 5.99% | 6.04% | 6.09% |
| North Dakota | 6.27% | 6.32% | 6.38% |
| Ohio | 5.98% | 6.03% | 6.08% |
| Oklahoma | 6.31% | 6.36% | 6.41% |
| Oregon | 6.00% | 6.05% | 6.10% |
| Pennsylvania | 6.14% | 6.19% | 6.24% |
| Rhode Island | 6.36% | 6.41% | 6.47% |
| South Carolina | 5.93% | 5.98% | 6.03% |
| South Dakota | 6.02% | 6.07% | 6.12% |
| Tennessee | 6.13% | 6.18% | 6.23% |
| Texas | 5.90% | 5.95% | 6.00% |
| Utah | 6.42% | 6.47% | 6.52% |
| Vermont | 6.20% | 6.25% | 6.30% |
| Virginia | 6.26% | 6.31% | 6.36% |
| Washington | 6.11% | 6.16% | 6.21% |
| West Virginia | 6.40% | 6.45% | 6.50% |
| Wisconsin | 6.31% | 6.36% | 6.41% |
| Wyoming | 6.15% | 6.20% | 6.25% |
| National Rates Terms | |||
| 30-year Fixed | 6.48% | 6.53% | 6.58% |
| 30-year Fixed FHA | 6.25% | 6.30% | 6.35% |
| 30-year Fixed VA | 6.71% | 7.09% | 7.28% |
| 30-year Fixed Jumbo | 6.36% | 6.60% | 6.79% |
| 20-year Fixed | 6.21% | 6.26% | 6.31% |
| 15-year Fixed | 5.88% | 5.93% | 5.98% |
| 10-year Fixed | 5.79% | 5.84% | 5.89% |
| 3-year ARM | 7.55% | 7.60% | 7.65% |
| 5-year ARM | 6.48% | 6.52% | 6.58% |
| 7-year ARM | 6.42% | 6.47% | 6.52% |
| 10-year ARM | 6.34% | 6.39% | 6.44% |
Source: MFP’s Community Home Refinance Rates Survey from the last 30 days.
VA refinance cash out rates are typically among the lowest available because of the government guarantee. Click on a state to see all its rates for all loan products.
| 30-year Fixed VA rates | Credit Score | ||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Credit Unions | 6.44% | 6.56% | 6.79% |
| Online lenders | 6.54% | 6.66% | 6.89% |
| Banks | 6.84% | 6.96% | 7.09% |
| Alabama | 6.28% | 6.41% | 6.53% |
| Alaska | 6.26% | 6.39% | 6.51% |
| Arizona | 6.10% | 6.23% | 6.35% |
| Arkansas | 6.34% | 6.47% | 6.59% |
| California | 6.20% | 6.32% | 6.45% |
| Colorado | 6.16% | 6.29% | 6.41% |
| Connecticut | 6.51% | 6.64% | 6.76% |
| Delaware | 6.32% | 6.45% | 6.57% |
| Florida | 5.97% | 6.10% | 6.22% |
| Georgia | 6.46% | 6.59% | 6.71% |
| Hawaii | 5.78% | 5.91% | 6.03% |
| Idaho | 6.11% | 6.24% | 6.36% |
| Illinois | 6.28% | 6.41% | 6.53% |
| Indiana | 6.51% | 6.64% | 6.76% |
| Iowa | 5.97% | 6.10% | 6.22% |
| Kansas | 6.35% | 6.48% | 6.60% |
| Kentucky | 6.39% | 6.52% | 6.64% |
| Louisiana | 6.43% | 6.56% | 6.68% |
| Maine | 6.50% | 6.63% | 6.75% |
| Maryland | 6.29% | 6.41% | 6.54% |
| Massachusetts | 6.24% | 6.37% | 6.49% |
| Michigan | 6.27% | 6.40% | 6.52% |
| Minnesota | 6.34% | 6.47% | 6.59% |
| Mississippi | 6.62% | 6.75% | 6.87% |
| Missouri | 6.28% | 6.41% | 6.53% |
| Montana | 6.57% | 6.70% | 6.82% |
| Nebraska | 6.49% | 6.61% | 6.74% |
| Nevada | 6.15% | 6.27% | 6.40% |
| New Hampshire | 6.02% | 6.15% | 6.27% |
| New Jersey | 6.45% | 6.58% | 6.70% |
| New Mexico | 6.51% | 6.64% | 6.76% |
| New York | 6.24% | 6.37% | 6.49% |
| North Carolina | 6.11% | 6.24% | 6.36% |
| North Dakota | 6.40% | 6.52% | 6.65% |
| Ohio | 6.10% | 6.23% | 6.35% |
| Oklahoma | 6.44% | 6.56% | 6.69% |
| Oregon | 6.12% | 6.25% | 6.37% |
| Pennsylvania | 6.26% | 6.39% | 6.51% |
| Rhode Island | 6.49% | 6.61% | 6.74% |
| South Carolina | 6.05% | 6.18% | 6.30% |
| South Dakota | 6.14% | 6.27% | 6.39% |
| Tennessee | 6.25% | 6.38% | 6.50% |
| Texas | 6.02% | 6.15% | 6.27% |
| Utah | 6.54% | 6.67% | 6.79% |
| Vermont | 6.32% | 6.45% | 6.57% |
| Virginia | 6.38% | 6.51% | 6.63% |
| Washington | 6.23% | 6.36% | 6.48% |
| West Virginia | 6.52% | 6.65% | 6.77% |
| Wisconsin | 6.43% | 6.56% | 6.68% |
| Wyoming | 6.27% | 6.40% | 6.52% |
| National Rates Terms | |||
| 30-year Fixed | 6.61% | 6.73% | 6.86% |
| 30-year Fixed FHA | 6.37% | 6.50% | 6.62% |
| 30-year Fixed VA | 6.84% | 6.96% | 7.09% |
| 30-year Fixed Jumbo | 6.48% | 6.61% | 6.73% |
| 20-year Fixed | 6.33% | 6.46% | 6.58% |
| 15-year Fixed | 6.01% | 6.13% | 6.26% |
| 10-year Fixed | 5.91% | 6.04% | 6.16% |
| 3-year ARM | 7.67% | 7.80% | 7.92% |
| 5-year ARM | 6.60% | 6.73% | 6.85% |
| 7-year ARM | 6.54% | 6.67% | 6.79% |
| 10-year ARM | 6.46% | 6.59% | 6.71% |
Source: MFP’s Community Home Refinance Rates Survey from the last 30 days.
Interested to see which lenders are most recommended in your state and area for VA loans? Thousands of homeowners in your state and area provide their feedback on their refinance lender. See which one could help refinance your VA loan easily.
Credit Score:
Loan-to-Value Ratio:
VA Funding Fee:
No Mortgage Insurance:
MFP Tip: VA rates are often the lowest available in the market. Even if your credit isn’t perfect, VA loans typically beat conventional and FHA rates.
A VA 30-year fixed refinance replaces your current mortgage with a new loan backed by the Department of Veterans Affairs. Your interest rate stays the same for 30 years, and you never pay mortgage insurance regardless of your loan amount.
The VA doesn’t lend money directly. Instead, approved lenders make the loan, and the VA guarantees a portion of it against default. This guarantee allows lenders to offer excellent rates and terms to eligible veterans and service members.
You make 360 monthly payments that include only principal and interest – no mortgage insurance. Your rate is locked in and never changes during the loan term.
VA Interest Rate Reduction Refinance Loan (IRRRL): Also called VA Streamline, this replaces an existing VA loan with minimal paperwork and no appraisal in most cases.
VA Cash-Out Refinance: Refinance for more than you owe and take the difference in cash. Available to refinance any type of existing loan into a VA loan.
VA Rate-and-Term Refinance: Replace a non-VA loan with a new VA loan to get better rates and terms. No cash out allowed.
No Mortgage Insurance: Never required, regardless of loan amount or down payment.
Competitive Interest Rates: Among the lowest rates available in the market.
No Down Payment Required: Can refinance up to 100% of home value (or more for cash-out).
Flexible Credit Standards: No minimum credit score requirement from VA (lenders may have minimums).
No Prepayment Penalties: Pay extra or pay off early without fees.
Assumable Loans: Qualified buyers can take over your VA loan.
VA vs. Conventional Refinance:
VA vs. FHA Refinance:
MFP Tip: If you’re eligible for a VA loan, it’s almost always your best refinancing option due to the combination of low rates and no mortgage insurance.
No Mortgage Insurance Required: Save $100-400+ per month compared to FHA or conventional loans with PMI.
Excellent Interest Rates: VA loans typically offer the lowest rates in the market, often 0.125-0.25% below conventional.
100% Financing Available: Refinance without any equity requirement, unlike conventional loans.
Flexible Credit Standards: VA has no minimum credit score, though lenders typically require 580-620.
No Down Payment Required: Even for cash-out refinances, you can borrow up to 100% of your home’s value.
Streamline Option Available: IRRRL refinances require minimal documentation and often no appraisal.
Higher Loan Limits: No conforming loan limits like conventional financing.
Assumable Loans: Transfer your loan to qualified buyers, making your home more attractive to sell.
Disabled Veteran Benefits: Veterans with service-connected disabilities pay no VA funding fee.
Eligibility Required: Only available to veterans, active military, and surviving spouses who qualify.
VA Funding Fee: 0.50% for rate-and-term, up to 3.30% for cash-out refinances (waived for disabled veterans).
Primary Residence Only: Cannot use for investment properties or second homes.
Property Requirements: Must meet VA minimum property requirements.
Uses Entitlement: Cash-out refinances from non-VA loans use your VA entitlement.
Limited Lender Network: Not all lenders offer VA loans, potentially limiting options.
You Currently Don’t Have a VA Loan: Switch from conventional, FHA, or other loan types to take advantage of VA benefits.
Interest Rates Have Dropped: Even a small rate decrease can provide significant savings with a VA refinance.
You Want to Eliminate Mortgage Insurance: Switch from FHA or conventional loans to eliminate monthly mortgage insurance payments.
You Need Cash for Major Expenses: VA cash-out refinances let you borrow up to 100% of your home’s value.
You Have an Existing VA Loan with Higher Rates: Use the VA IRRRL program for quick, easy refinancing with minimal paperwork.
Your Credit Has Improved: Better credit scores can qualify you for even lower VA rates.
You Want Payment Stability: Fixed rates protect against future interest rate increases for the full 30 years.
You’re Switching from an ARM: Lock in today’s low fixed rates before your adjustable rate increases.
You Want to Extend Your Loan Term: Switch from a 15-year to 30-year VA loan to reduce monthly payments.
MFP Tip: VA refinances make sense even for small rate improvements because there’s no mortgage insurance to factor into the break-even calculation.
VA Eligibility:
Credit Score:
Income and Employment:
Property Requirements:
Loan Seasoning:
Assets and Reserves:
VA Entitlement:
Residual Income:
MFP Tip: Get your Certificate of Eligibility (COE) before applying. You can get it online through the VA website or your lender can help obtain it.
What’s the Difference Between VA IRRRL and Regular VA Refinance?
VA Interest Rate Reduction Refinance Loan (IRRRL):
Regular VA Refinance:
How Much Does the VA Funding Fee Cost?
Rate-and-Term Refinance: 0.50% of loan amount.
Cash-Out Refinance:
Example: $300,000 rate-and-term refinance = $1,500 funding fee
Who’s Exempt from Funding Fee:
Can I Do a VA Cash-Out Refinance?
Yes, VA cash-out refinances let you:
Requirements are stricter than IRRRL:
Do I Need to Get My Home Appraised?
IRRRL (Streamline): Usually no appraisal required.
Cash-Out Refinance: Always requires VA appraisal.
Rate-and-Term (from non-VA loan): VA appraisal required.
VA appraisers check both value and property condition to ensure it meets VA Minimum Property Requirements.
Can I Refinance if I Don’t Have a VA Loan Now?
Yes, eligible veterans can refinance any type of existing loan into a VA loan:
This uses your available VA entitlement and requires full documentation and appraisal.
What if I’ve Already Used My VA Benefit?
You can still refinance in several ways:
Most veterans have enough entitlement for refinancing even if they’ve used their benefit before.
How Long Does VA Refinancing Take?
VA IRRRL: 15-21 days due to streamlined process
Regular VA Refinance: 30-45 days
VA loans may take slightly longer than conventional loans due to additional VA requirements, but the savings usually make the wait worthwhile.
MFP Tip: If you have an existing VA loan and just want a lower rate, choose IRRRL for the fastest, easiest refinance process with minimal paperwork.
More Refinance Resources for Homeowners:
30 Year Fixed Refinance Rates (by State)
15 Year Fixed Refinance Rates(by State)
Loans Comparison Calculator: Heloc, Cash-Out, Home Equity, Renovation.
More Resources for Homeowners.