VA Refinance

VA home loan refinancing

You served your country. Take advantage of your well-deserved veterans benefits and refinance your existing loan to a VA loan. We’ve got your back.


What is a VA Refinance Loan?

VA refinance loans are a special type of home mortgage designed for active military members and veterans. In many instances, interest rates can be better for VA refinance loans than other loans options (awesome, right?). VA loans are guaranteed by the U.S. Department of Veterans Affairs and offered by participating approved lenders like Waterstone Mortgage. VA loans help eligible veterans and active military personnel with money-saving refinance options.

Who is Eligible for a VA Refinance Loan?

  • Active-duty military
  • Veterans
  • Reservists and members of the Coast Guard
  • Some surviving spouses of veterans

What are the Benefits of a VA Refinance Loan?

  • No penalty fee if you pay the loan off early
  • No private mortgage insurance requirements
  • Those with less-than-perfect credit can still apply
  • VA may be able to provide some assistance if mortgage payment problems arise

How Do I Get Started with the VA Refinance Application Process?

To apply for a VA-sponsored loan, you need to obtain a Certificate of Eligibility (COE). Your COE verifies to lenders that you meet the requirements necessary to obtain a VA-sponsored loan. Applying for a COE is straightforward and can be done online, through the mail, or through a lender.

Active duty military personnel and current National Guard members or Reservists who have never been Federal active servicemembers will need to present a current statement of service in order to obtain a COE.

Veterans and current/former National Guard members and Reservists that have been activated for Federal active service will need to present a DD Form 214 confirming their past service.


A VA loan is a government-insured loan subject to certain qualifications and restrictions. A VA funding fee is typically required, which can be financed into the loan amount. If you are a servicemember on active duty, prior to seeking a refinance of your existing loan, consult your legal advisor regarding the loss of any benefits you are entitled to under the Servicemembers Civil Relief Act or applicable state law.

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.