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Updated over 5 years ago on . Most recent reply

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58
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13
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Kenny Lewis
  • Real Estate Agent
  • Roseville, CA
13
Votes |
58
Posts

Refinance from VA loan to conventional

Kenny Lewis
  • Real Estate Agent
  • Roseville, CA
Posted

My wife and I bought our first home with a VA loan. I've heard it's a good idea to refinance to a conventional loan to enable the VA credit to be used again. How would I go about doing that and are there better loans to get. Any secrets or strategies to save as much as I can on interest and fees? Any advice for VA loan refinancing. What's the process to be able to use our VA loan again for another home, probably a rental property. Thanks

Most Popular Reply

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378
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184
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Charlie DiLisio
  • Investor
  • Lake Worth, FL
184
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378
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Charlie DiLisio
  • Investor
  • Lake Worth, FL
Replied

When you use it again there is a fee now to use it again. I think about 3500.00 but to me it is well worth it not to have the PMI and its still zero down. They will roll in the cost of using the loan again. I have used mine 3 times to date and you can buy a multi-family if you occupy one of the units. Good luck and thank you for your service.

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