5-Star Rating.
Fast Closings.
No junk fees.

VA Interest Rates are at historical lows. Refinancing your current VA loan with a VA IRRRL (interest rate reduction refinance loan) can lower your monthly payments and save thousands over the life of your loan. Our digital process removes costs and expedites everything. Get started today or scroll down to Learn More

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5 out of 5 Stars

How it Works

When you’re ready to get started, our refinance experts are ready, too. Our online application is available 24/7 and takes less than ten minutes. Have questions? Call us at (850) 424-7277.

Apply Online

Our online application takes less than 10 minutes to complete and is available 24/7 from any device.

Get Started
Submit Documents

Use the HomeFi® customer portal to submit documents digitally and receive a Prequalified Approval Letter.

Close Your Loan

Use the customer portal to track your progress and get to closing fast. Close from anywhere with an approved mobile notary closing agent.

Our digital process gets
people talking

5 out of 5

Best Ever

They truly went above and beyond and will always have my gratitude for all of the work and care they put into my situation. I would recommend them above anyone out there and could not be happier with my experience. – Heather R. from Orlando, FL
November, 2020

Very Professional

They are a very professional and organized group. They are easy to work with and make sure they keep communication open. I especially enjoyed working with Sherry our processor! Great job! – Ed S. from Pensacola, FL
October, 2020

Great Company

I was very pleased with my refinance with HomeFi. I worked with Brandon and Sherry and they both were great. I got a better rate than my own mtg. company offered. Everything went quickly and easily. I have already recommended my neighbor. – Jim A. from Destin, FL
October, 2020

Frequently Asked Questions

What is a VA IRRRL?

IRRRL is an acronym for Interest Rate Reduction Refinance Loan. It is a unique refinance loan available only to borrowers who have a current VA loan on their primary residence. VA IRRRLs are considered a “streamlined” loan, meaning fewer documents are required for underwriting. As a result, VA IRRRLs also typically take less time to complete than other refinance loans.

How long does it take?

VA IRRRLs typically take between 20 and 30 days to complete. However, each scenario is different. No one can tell you exactly how long your refinance will take. However, a great feature of most VA IRRRLs is that they do not require an appraisal or income verification which drastically speeds up the process.

How much does it cost?

The cost to refinance a mortgage can range from 2% to 6% of your loan amount, depending on several factors. HomeFi does not charge junk fees that other mortgage companies charge, saving our customers hundreds and sometimes thousands of dollars in refinance closing costs.

Is there a funding fee?

Yes, there typically is a funding fee charged by the VA for all loans guaranteed by the VA. This fee can be rolled into the loan. Depending on circumstances, many VA borrowers can be exempt from this fee. Request more info to see if you qualify for an exemption.

Can I pull cash out when I refinance?

Yes, through a standard VA cash-out refinance loan. A VA cash-out refinance requires full credit information and income documentation to qualify.

How much cash will I need to bring to closing?

In most cases, borrowers do not need to bring any cash to close. There are some types of programs and some scenarios where borrowers may choose to bring cash to closing, but typically, most or all of the costs required to refinance a mortgage are added into the loan.

What documents are required?

The documents required for a refinance varies depending on the loan type. Most refinance loans will require credit, income, insurance, real estate taxes, HOA and other types of documentation. HomeFi’s digital customer portal makes turning your documents in quick and easy, saving time and expediting the refinance process.

How much cash can I take out?

If you choose to take cash out of the equity in your home, the amount of cash you can pull out depends on several factors. Here are a few important factors: 1) how much your home is worth as determined by a third party certified appraiser; 2) the balance of your current mortgage; 3) the total amount of closing costs required to complete the refinance; 4) the loan programs available to you; 5) your debt-to-income ratio. HomeFi’s expert mortgage consultants can help you pick the program that is just right for you.

What can I do with the cash I take out?

Homeowners use cash-out refinance loans for many reasons. However, some reasons are “better” and make more financial sense than others. Here are a few ways customers use a cash-out refinance: 1) Home improvement projects; 2) Pay off high interest credit card debt; 3) Buy an investment property or second home; 4) Protect a business against cash-flow emergencies.

How much can I actually save if I refinance?

There are two answers: 1) How much you can save monthly by lowering your payments? 2) How much total interest paid can you save over the life of your loan. Both answers depend on how much you currently owe on your home and your current interest rate. Get a free estimate by filling out the form below and requesting more information. Request More Info

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Are you ready to get started? Our online application takes less than 10 minutes to complete! Apply now! Have questions? Call us at (850) 424-7277 or request more information.

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This helps us determine the best loan for you. We work with all types of credit scores.