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VA Loan Refinancing Services in Birmingham, Huntsville & Mobile

Take advantage of low VA loan rates with a VA refinance from Weber Mortgage. Since 1999, our company has been the go-to provider of VA loan refinancing services in HuntsvilleMobileBirmingham, and other cities we serve in Alabama.

During that time, we have created legions of satisfied customers because our financial experts consistently offer superior rates and services for VA, FHA, conventional, and non-qualifying loans, as well as other types of home loans. From the first contact to the final closing, your biggest investment is our priority. To learn more, contact us online or give us a call at 205-751-8583 to take the first step toward owning your dream home in Parrish, Orrville, Ramer, or Oakman.  

VA loan refinance options

VA Loan Refinance Options with Weber

Your refinancing options depend on the type of mortgage you have right now. If you bought your current home with a VA loan, you may qualify for an Interest Rate Reduction Refinance Loan (IRRRL). This type of refinancing may allow you to lower your interest rate with less paperwork and faster closing.

If you bought your home with a VA loan and want to get cash from your home equity, you may qualify for a VA Cash-Out Refinance Loan. This lets you replace your existing VA loan with a new VA loan for a higher amount, and get the difference in cash at closing.

If you bought your current home with a mortgage other than a VA loan, you can also use a VA-backed cash-out loan to refinance your home. You’ll need to get a Certificate of Eligibility (COE), provide income and financial documents, and have your home appraised.

By refinancing, the total finance charges may be higher over the life of the loan. Here is a summary of your VA loan refinancing options:

Features VA Cash-out Refinance VA Streamline Refinance
Can get cash-out Yes No
Can lower interest rate Yes Yes
VA funding fee 2.3%-3.6% of total loan amount 0.50% of the total loan amount
Requirement of a VA loan No need to have a VA loan Need to have a VA loan
Owner occupied Yes No
Benefits of a VA Home Loan Refinance

Benefits of a VA Home Loan Refinance

  • Lower interest rates. VA refinance offers rates that are comparable to other traditional mortgage loan options.
  • Lower funding fees. The funding fees for VA loans are often lower than the mortgage insurance costs you might have to pay for other types of mortgage loans.
  • Higher loan-to-value ratios. In some cases, you may be able to refinance up to 100% of your home’s value with a VA loan.
  • No pre-payment penalties. There are no penalties for paying off your VA loan early.
Current VA Refinance Rates

Current VA Refinance Rates with Weber

Refinance rates for VA loans can change daily. The rate you might get is affected by market conditions, your personal credit history and finances, and the kind of loan you want. The refinance rate you might get from Weber Mortgage may be higher or lower than the rates you see on the websites of other lenders. We are committed to offering competitive rates for VA refinances. Ask us the rate we can offer you on a streamline refinance by calling one of our VA loan specialists at 205-751-8583.

VA refinance guidelines

VA Loan Refinance Guidelines

The guidelines vary depending on the kind of VA refinance you want and whether your current mortgage is a VA loan or a loan of a different type. Here are some key guidelines:

  • Check your eligibility.
  • Get a Certificate of Eligibility (COE).
  • Make sure you’re current on payments.
  • Meet the "seasoning" requirements.
  • Refinance your primary home.
  • Benefit from the refinance.
  • Meet the lender’s standards.

Count on Weber Mortgage to Refinance Your VA Loan in Midway, Peterson, & Ragland

Weber Mortgage is a family-owned company that provides the most comprehensive and best ways to refinance your VA loan. For more than 20 years, we have helped customers in PetersonRaglandMidway, and other cities we serve in Alabama get the lowest rates and best services on their home loans. When you need our help in BirminghamHuntsvilleMobile, or Oakman, simply contact us online or give us a call at 205-751-8583 to take the first step toward owning your dream home in Alabama.