Florida VA Loan Refinance: Lower Payments & Cash Out

Veterans and Active Duty service members in Florida who own their home may be eligible to refinance their mortgage using their VA Loan benefits.  A VA Loan refinance can lower your rate and payment, and/or provide “cash out” for home improvement projects, debt consolidation, or any other purpose.

Get started on your VA Mortgage Loan Refinance Now!

Simply fill out the short form on this page and a specialist with the VALoansFlorida.com team will contact you to review your VA Loan refinance objectives.

Three Types of VA Home Loan Refinances:

1)      VA Streamline Refinance

Veterans whose existing mortgage is a VA Home Loan can utilize a VA Streamline Refinance Loan.  Formally known as an IRRRL (Interest Rate Reduction Refinance Loan) the process and requirements for this loan are reduced and can be completed more quickly than a traditional Veterans Affairs or conventional mortgage.  There are no out of pocket costs and minimal documentation is required.

The primary requirements for a VA Streamline Refinance are the existing mortgage must be current and have been paid on time for the past 12 months. Although there are exceptions to this.  Read more about VA Streamline Refinance loans here.

2) Conventional Mortgage to VA Loan Refinance

Veterans with mortgages that are currently conventional, FHA, USDA, owner financed or another loan type may be able to refinance to a lower rate and payment using their VA Loan benefits.  VA Loan rates are very competitive and do not have to pay monthly mortgage insurance as part of their payment.

With improvements to the market values of homes in Florida, many homes now appraise for amounts that enable fully payment of the current loan.  If in the past you have been turned down because the appraised value was not high enough please contact us.  In many cases, we can use an automated valuation to quickly determine if the home is likely to appraise for an amount required to refinance.

3) Cash Out Refinance

A VA “cash out” mortgage loan allows qualified Florida Veterans to refinance their existing loan to a lower rate and tap into the equity in their home.  This is not a home equity loan which is typically a second loan at a higher or variable rate with a shorter payback period.  The VA cash-out refinance loan pays off your current mortgage and puts a new VA Loan in place on a 15 or 30 year term, usually with a fixed rate.  Read more about VA Cash-Out Loans here.

To get started on a VA Loan Refinance call us at 561-810-1711 or fill out the short form on this page.  A  specialist from our team will contact and assist you.

Florida VA Loan Specialist: Shirley Mueller

VA Loan Specialist Shirley Mueller

Working as a loan originator since 2003, Shirley has helped over 2000 Veterans with VA Home Loans. She has helped Veterans in almost every situation, including deployed personnel returning home or those with PCS orders. Shirley also helps disabled Veterans who...


  • Pre-Qualifications are Always Offered with No Obligation

  • This field is for validation purposes and should be left unchanged.

Mortgage Calculator

online mortgage calculator