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Utah VA Refinance
As of August 5, 2025, the rates in Utah are 5.625% (6.383% APR) for a 30-year VA mortgage and 5.375% (5.125% APR) for a 15-year VA loan.
Utah VA Loan Refinance
Utah boasts a vibrant community of veterans and active-duty military personnel. If you’re one of these brave individuals or a surviving spouse, we’re here to help you understand how VA refinancing can benefit you. Our focus is to provide you with information and services tailored specifically to your needs here in the Beehive State.
↓ Try Our Utah VA Mortgage Calculator ↓
Understanding the VA Loan
VA loans are a unique financial instrument exclusively available for veterans, active-duty servicemen and women, and surviving spouses. Here are the essentials you need to know:
VA Fixed Rate Loan
With a VA fixed-rate loan, there’s no need for a down payment. This significant advantage makes it easier for you to purchase or refinance a home. Furthermore, you can refinance up to 100% of your home’s value. And if you’ve used your VA loan benefits in the past, don’t worry! You can still take advantage of this special program.
Talk to a VA Loan Officer – 801-501-7950
VA Streamline Refinance (IRRRL)
If your payments are up to date on your current VA loan—with no more than one 30-day late payment in the past 12 months—you can qualify for a VA Streamline Refinance, also known as the Interest Rate Reduction Refinance Loan (IRRRL). This refinancing process is simple, enabling you to lower your interest rate to today’s competitive rates swiftly. Plus, closing costs can be incorporated into your loan amount.
Eligibility for VA Loans
The U.S. Department of Veterans Affairs (VA) provides various programs to support
- Veterans
- Active duty service members
- National Guard members
- Reservists
and their families in Utah.
Eligibility for a VA loan depends on several conditions, including:
- You served a minimum of 90 consecutive days during wartime
- You served a minimum of 181 days during peacetime
- You served in the National Guard or the Reserves for more than six years
- Your spouse, who was a service member, died in the line of duty or from a service-related disability
Even if you fulfill one or multiple of these conditions, final loan eligibility is determined by the VA. If you’re unsure if you qualify, we’d still encourage you to still apply. We’ll help assess your eligibility and help your navigate what can sometimes be a complex application process.
Benefits of VA Loan Refinance
A VA loan brings a host of advantages to veterans and their families in Utah:
Refinancing your VA loan offers numerous advantages for veterans and their families in Utah:
- Lower Interest Rates: VA loan refinancing typically allows you to secure lower interest rates compared to conventional loans, reducing your monthly payments and saving you money over time.
- Convert from Adjustable to Fixed Rate: Refinancing gives you the opportunity to convert your existing VA loan from an adjustable-rate to a fixed-rate mortgage, providing stability in your monthly payments.
- Flexible Credit Requirements: VA loan refinancing has more relaxed credit requirements than conventional refinancing options, making it more accessible for veterans who’ve had credit challenges.
- Finance Closing Costs: With a VA loan refinance, you have the option to roll the closing costs into the loan amount, helping you avoid out-of-pocket expenses.
- Cash-Out Option: The VA’s Cash-Out Refinance Loan allows you to take cash out of your home equity to pay off debt, make home improvements, or take care of other needs.
- Streamlined Process: With the VA’s Interest Rate Reduction Refinance Loan (IRRRL), you can refinance quickly and easily with no appraisal or credit underwriting package. It’s an excellent option if you’re current on your mortgage and want to lower your interest rate.
By refinancing your VA loan, you can take advantage of these benefits and adjust your mortgage to better fit your current needs and future financial goals.
Utah-specific VA Loan Benefits
In Utah, as a veteran or active-duty military personnel, you can take advantage of unique VA loan benefits such as:
Utah VA County Loan Limits
Utah counties have specific VA loan limits, which can impact the loan amount you qualify for.
Utah State Veterans Benefits
Along with the federal benefits, Utah offers additional benefits for veterans, including education, employment, housing, and health care assistance.
Contact Us Today
With all these benefits at your disposal, a VA loan can make homeownership a reality for you in Utah. To discuss your eligibility and explore the opportunities awaiting you, contact City Creek Mortgage today.
VA Refinance FAQ
How difficult is it to get a VA refinance loan? Getting a VA refinance loan isn’t overly difficult, especially if you’re already a VA loan holder. You’ll still need to meet credit and income requirements, but they are typically more relaxed compared to conventional loan standards. This is where working with a knowledgeable broker can make the process smoother. Contact us today!
How long does underwriting take for a VA refinance? The underwriting process for a VA refinance can vary depending on your lender and your own individual circumstances. Generally, it can take anywhere from a few days to a couple of weeks. An efficient lender and timely submission of required documents can speed up the process.
What are the closing costs for a VA refinance? Closing costs for a VA refinance can vary based on the specifics of your loan, but they typically range between 1% – 3% of the loan amount. The good news is, with a VA refinance, you can often roll these costs into the loan amount, which helps you avoid up-front out-of-pocket expenses.
Why choose a VA refinance loan over a conventional refinance loan? A VA refinance loan offers several benefits over a conventional refinance loan. These include typically lower interest rates, more relaxed credit requirements, the ability to finance closing costs, and options for cash-out refinance or a streamlined refinance process with the IRRRL.
What does 3rd party settlement mean in VA refinance? A 3rd party settlement in a VA refinance refers to a process where an independent party, not the borrower or lender, manages the closing of the loan. This can include tasks such as preparing closing documents, calculating final costs, and facilitating the transaction.
What is a conditional approval on a VA refinance? A conditional approval on a VA refinance means the lender is generally willing to approve your loan, but there are specific conditions or requirements that must be met before final approval. This could include additional documentation, appraisal requirements, or resolution of certain financial or property-related issues.
What documents do I need for a VA refinance? The documentation needed for a VA refinance can vary, but generally, you’ll need to provide your current mortgage statements, recent pay stubs, W-2s or other proof of income, bank statements, and a valid government-issued ID. If you’re applying for a VA Streamline Refinance (IRRRL), the paperwork might be more minimal. Consult with your lender for a detailed list based on your unique situation.
City Creek Mortgage
11910 S State St #100, Draper
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City Creek Mortgage did an incredible job with our home refinance. I love their online tool that allows for transparency and clarity when trying to see what interest rate and fee structure would work best for us. The cost to close our … More loan was less than expected and we still got a rate that worked for us.
Temara and Marisol were great to work with. They responded to our requests quickly, and they kept us informed at every step of the way. Incredible customer service, that we really do appreciate! Thank you City Creek Mortgage, we will definitely be referring all our family and friends to you!
Marc and Stacy W. -
City Creek Mortgage is nothing short of best in class. I recently worked with their team through the purchase of a home for my clients who were First Time Home Buyers.
As the buyers agent in the transaction it is crucial to work with industry … More partners who are communicative, dedicated, and its an added bonus when they truly love what they do & go the extra mile for their people. Im so grateful for the City Creek team not only for their expertise given to the clients to ensure they come out with multiple wins, but for also being such an amazing resource for myself as the agent.
I cannot wait for the opportunity to work with the City Creek Mortgage team again! -
I have nothing but good things to say about City Creek mortgage but especially Alexis and Sefa. I ended up being under contract three times. Had to back out twice because of inspection issues. The third time was a charm and I found my dream … More house and that's everything I wanted in a house. Alexis is so good to work with always getting back to me when I had questions or problems. I recommend City Creek to anyone looking to refinance or buy their first home. Thanks so much for all that you guys have done.
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We had an amazing experience working with City Creek Mortgage for our new home! Temara and Marisol were incredibly responsive, communicative, and genuinely felt like they were in our corner every step of the way. Buying a home comes with … More a million little tasks and questions, and they helped us navigate all of it with clarity and confidence. They tailored a plan that worked for our unique situation and always made us feel supported.
This was a night-and-day difference from our experience buying our last home—having a team like this makes such a huge impact. We even chose a closing date a few weeks out but ended up being able to close early thanks to how efficient and proactive they were.
Highly recommend City Creek—Temara and Marisol made what could have been a stressful process feel smooth and easy. -
We are so thankful that our real estate agent suggested that we work with City Creek for our recent investment property purchase in Salt Lake City. Everybody that we came in contact with made us feel like a part of the family, and they … More truly had our best interests in mind. We would highly recommend choosing City Creek if you want the best possible loan terms and if you value great customer service. Temara was amazing to work with, and we want to give an extra shout out to Marisol who is nothing short of a rockstar! Thank you Marisol for taking such amazing care of us throughout the process we truly appreciate it!
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We had an amazing experience with City Creek Mortgage! Their team was incredibly helpful, guiding us through the entire process with professionalism and care. Everything was smooth and stress-free, and they made sure we understood every … More step along the way. We truly appreciate their dedication and excellent customer service. Highly recommend them to anyone looking for a great mortgage experience!
