Compare current VA refinance rates

By Zach Wichter

On , the national average 30-year VA refinance APR is 2.990%. The average 30-year VA mortgage APR is 2.920%, according to Bankrate’s latest survey of the nation’s largest refinance lenders.

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money.

Refinance while rates stay low

More than 11.5 million homeowners can still save money by refinancing their mortgage.

Countdown to Fed day

-- Days
-- Hours
-- Minutes
-- Seconds

How to use our mortgage rate table

This table will show you estimated mortgage rates from different lenders, tailored to you. Fill out the fields above as accurately as possible so we can get a sense of where you live, what you’re looking to do and your financial situation. Based on the information provided, you will get custom quotes and be on your way to getting a new mortgage. This is an estimate; your actual rate will depend on a number of factors.

Current VA refinance rates

The table below brings together a comprehensive national survey of mortgage lenders to help you know what the most competitive VA refinance loan rates are. This interest rate table is updated daily to give you the most current rates when choosing a VA refinance loan.

Product Interest Rate APR
30-Year Fixed Rate 3.130% 3.250%
30-Year Fixed-Rate VA 2.790% 2.990%
20-Year Fixed Rate 3.010% 3.130%
15-Year Fixed Rate 2.440% 2.600%
7/1 ARM 2.880% 4.000%
5/1 ARM 2.690% 3.980%
10/1 ARM 3.090% 4.080%
30-Year Fixed-Rate FHA 2.700% 3.580%
30-Year Fixed-Rate Jumbo 3.120% 3.190%
15-Year Fixed-Rate Jumbo 2.430% 2.490%
7/1 ARM Jumbo 2.890% 3.920%
5/1 ARM Jumbo 2.680% 3.690%

How Bankrate mortgage and refinance rates are calculated

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of refinance loans. The interest rate table below is updated daily to give you the most current refinance rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single-family residence. To learn more, see understanding Bankrate rate averages.

Why trust Bankrate?

Bankrate has been the authority in personal finance since it was founded in 1976 as the “Bank Rate Monitor,” a print publication for the banking industry. Bankrate has been surveying and collecting information on mortgage and refinance rates from the nation’s largest lenders for more than 30 years. Top publications such as The New York Times, Wall Street Journal, CNBC and others depend on Bankrate as a trusted source of financial information, so you know you’re getting information you can trust.

Top 5 Bankrate VA refinance lenders

  • JFQ Lending – Best broker
  • Cardinal Financial Company – Best for low-credit score borrowers
  • – Best overall
  • First Mortgage Direct – Best online lender
  • United Wholesale Mortgage – Best non-bank lender


Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.

JFQ Lending – Best broker

JFQ Lending is a mortgage broker that offers a suite of refinancing options ranging from cash-out to VA streamline refinances. The broker is based in Scottsdale, Arizona, and is licensed in 39 states and Washington, D.C.

Strengths: If you’re interested in refinancing a VA loan (or into a VA loan) and find a competitor with a lower rate, JFQ Lending can match or beat that rate. (You’ll need to provide a copy of the loan estimate from the competitor.) The broker can connect you to both VA and FHA streamline refinancing, which allows you to take advantage of low rates with fewer hassles.

Weaknesses: You’ll have to contact JFQ Lending to get a quote for a VA or other type of loan; it doesn’t advertise rates on its website. In addition, the broker is licensed in many states, but not all.

Read Bankrate's JFQ Lending user reviews

Cardinal Financial Company – Best for low-credit score borrowers

Cardinal Financial Company, which also operates as Sebonic Financial, is a mortgage lender offering a range of loan products, including VA cash-out refinances and Interest Rate Reduction Refinance Loans (IRRRLs).

Strengths: Cardinal Financial’s Octane loan system allows you to compare interest rate quotes side by side, among other conveniences. Plus, you could qualify for a VA loan with a credit score as low as 550 (or 600 for manufactured housing).

Weaknesses: In order to view rates, you’ll need to contact a loan representative and register for the Octane system.

Read Bankrate's full Cardinal Financial mortgage review – Best overall, owned by Sun West Mortgage Company, is a national mortgage lender operating in 48 states in addition to Puerto Rico and the U.S. Virgin Islands.

Strengths: Borrowers can get prequalified for a loan with either online or by phone. Notably, the lender offers 24-hour support for those who need assistance or a preapproval outside of a 9-to-5 business day.

Weaknesses: This lender isn’t available in Georgia or Massachusetts.

Read Bankrate's full mortgage review

First Mortgage Direct – Best online lender

First Mortgage Direct is the online division of First Mortgage Solutions, based in Kansas City, Missouri.

Strengths: You can get prequalified in under a day, and, as with other lenders, if you find a favorable VA loan rate, First Mortgage Direct locks it in for you in case rates go up.

Weaknesses: First Mortgage Direct is only licensed in 17 states, so borrowers outside of this range will need to look elsewhere for refinancing.

Read Bankrate's full First Mortgage Direct review

United Wholesale Mortgage – Best non-bank lender

United Wholesale Mortgage is a wholesale lender available in all states and Washington, D.C. As a borrower, you won’t be able to refinance your VA or other type of mortgage directly with this lender, since it works solely with brokers and other types of lenders.

Strengths: You can refinance your current VA loan into one with a lower interest rate, often in less than 20 days.

Weaknesses: United Wholesale Mortgage’s minimum credit requirement for a VA loan is 620, which can be higher than some competitors’ standards. In addition, because it is a wholesale lender, you won’t have direct access to its products.

Read Bankrate's full United Wholesale Mortgage review

What you need to know about VA mortgage refinance

Why is it important to shop around?

As mentioned before, individual lenders set their own terms for VA loans, so you’ll want to compare offers from different institutions to make sure you’re not only getting the best rate, but also the best other loan terms as well.

Learn more about VA loans

Written by: Zach Wichter, mortgage reporter for Bankrate

Zach Wichter is a mortgage reporter at Bankrate. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy.

Read more from Zach Wichter

Learn more about specific loan type rates
Loan Type Purchase Rates Refinance Rates
The table above links out to loan-specific content to help you learn more about rates by loan type.
30-Year Loan 30-Year Mortgage Rates 30-Year Refinance Rates
20-Year Loan 20-Year Mortgage Rates 20-Year Refinance Rates
15-Year Loan 15-Year Mortgage Rates 15-Year Refinance Rates
10-Year Loan 10-Year Mortgage Rates 10-Year Refinance Rates
FHA Loan FHA Mortgage Rates FHA Refinance Rates
30-Year FHA Loan 30-Year FHA Loan Rates 30-Year FHA Refinance Rates
VA Loan VA Mortgage Rates VA Refinance Rates
ARM Loan ARM Mortgage Rates ARM Refinance Rates
5/1 ARM 5/1 ARM Rates 5/1 Refinance Rates
7/1 ARM 7/1 ARM Rates 7/1 Refinance Rates
10/1 ARM 10/1 ARM Rates 10/1 Refinance Rates
Jumbo Loan Jumbo Mortgage Rates Jumbo Refinance Rates
30-Year Jumbo Loan 30-Year Jumbo Loan Rates 30-Year Jumbo Refinance Rates