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A veteran may also use their eligibility
for a VA home loan
refinance of an existing VA mortgage loan or other
indebtedness secured by a lien of record on a
residence owned and occupied by the veteran as
a home.
MAXIMUM LOAN
These loans may not exceed the lesser of
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the VA reasonable value plus the VA funding
fee, or
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the sum of the outstanding balance of the
loan to be refinanced plus allowable closing
costs (including the funding fee) and
discounts.
The cost of energy efficiency improvements can
also be added to the loan.
The borrower is not allowed to receive any cash
back at the closing nor pay off any consumer
debt such as credit cards or installment loans.
This type of VA home loan
refinance is generally referred to as a "Rate and Term"
refinance.
 Other
types of va home loan refinance options are:
IRRL - VA Streamline
Refinance
Cash Out Refinance - Used
to consolidate bills
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Programs 
