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(702) 696-9900Check Rate
conventional rates from 5.750% · 5-20% down · No PMI at 20%+ Down Check rate →
conventional rate-and-term refinance from 5.625% · Cash-Out from 6.000%

Lower Your Rate.
Or Cash Out.

Two powerful conventional refinance options: the conventional rate-and-term refinance streamline to lower your rate fast, or conventional Cash-Out to tap your home equity up to 100% LTV.

Check Refi Rate (702) 696-9900
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TWO OPTIONS

Choose Your Refinance Path

conventional rate-and-term refinance
From 5.625%

The Interest Rate Reduction Refinance Loan is a streamline refinance designed for homebuyers who want to lower their existing conventional rate quickly and easily.

No appraisal required
No income verification
Close in 15-21 days
Minimal paperwork
0.50% conventional closing costs
Check rate-and-term refinance Rate
conventional Cash-Out
From 6.000%

Access your home equity while refinancing into a conventional loan. Borrow up to 100% of your home value — even replace a non-conventional loan with a conventional Cash-Out.

Up to 100% LTV
Replace any existing mortgage
Debt consolidation
Home improvements
No PMI at 20%+ Down on new loan
Check Cash-Out Rate
SIDE BY SIDE

rate-and-term refinance vs Cash-Out

Feature
rate-and-term refinance
Cash-Out
Rate today
5.625%
6.000%
Appraisal needed?
No
Yes
Income verification?
No
Yes
Cash out equity?
No
Up to 100%
Time to close
15-21 days
30-45 days
conventional closing costs
0.50%
2.15%-3.30%
Best for
Lowering rate fast
Accessing equity
Join 147 who applied this week
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TIMING

When Should You Refinance?

Rate is 0.50%+ Higher

If your current rate is 0.50% or more above today's conventional rates, an rate-and-term refinance could save you hundreds per month with minimal hassle.

Need Cash for Renovations

conventional Cash-Out lets you tap equity for home improvements, debt consolidation, education, or any purpose. Up to 100% LTV.

Switching From Non-VA

If you have an conventional or conventional loan, a conventional Cash-Out refinance can replace it, eliminating PMI/PMI and potentially lowering your rate.

FAQ

Frequently Asked Questions

The conventional Interest Rate Reduction Refinance Loan (rate-and-term refinance) is a streamline refinance for homebuyers with existing conventional loans. It requires no appraisal, no income verification, and can close in 15-21 days. The goal is to lower your interest rate with minimal paperwork.
Yes. conventional Cash-Out refinance allows borrowing up to 100% of your home's appraised value. If your home is worth $500K and you owe $300K, you could potentially access up to $200K in cash.
For rate-and-term refinance, yes — you must currently have a conventional loan. For conventional Cash-Out, no — you can refinance any existing mortgage (FHA, conventional, USDA) into a conventional loan, as long as you have conventional eligibility.
Savings depend on your current rate, loan balance, and new rate. A 0.50% rate reduction on a $400K loan saves about $128/month or $46,000+ over the life of the loan. We can calculate your exact savings.
For rate-and-term refinance, you must have made at least 6 monthly payments on your current conventional loan and 210 days must have passed since the first payment. For Cash-Out, similar seasoning requirements apply.
SAVINGS CALCULATOR

How Much Could You Save?

Enter your current rate to see your potential monthly and lifetime savings with a conventional refinance.

6.750%
$350,000
Monthly Savings
$217
Yearly Savings
$2,604
Break Even
8 mo
Check Your Refinance Rate
THE PROCESS

conventional Refinance Timeline

rate-and-term refinance Streamline
1
Apply online

5 minutes

2
Lock rate

Same day

3
Processing

No appraisal needed

4
Close

15-21 days total

Cash-Out Refinance
1
Apply + docs

Income verification required

2
Lock + appraisal

conventional appraisal ordered

3
Underwriting

Full review + CTC

4
Close + get cash

25-35 days total

RELATED

Related Resources

Today's conventional Refinance RatesRefinance Savings CalculatorRefinance Closing Costs Ratesconventional Refinance Eligibilityconventional vs Conventional Refinance
EXPLORE

Related Resources

Rates TodayRefinance CalculatorClosing CostsClosing CostsConventional EligibilityConventional Loan Guide conventional vs FHA →conventional vs Conventional →
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REVIEWS

What conventional Buyers Say

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"5-20% down, no PMI at 20%+ down, lowest rate I found. Valley West closed my conventional loan in 24 days."

— conventional buyer, Las Vegas
★★★★★

"Third conventional purchase with Valley West. They shop 50+ lenders every time. Always the best deal."

— conventional buyer, Henderson
★★★★★

"Saved $66K over conventional. Zero fees, zero hassle. Valley West knows conventional loans."

— conventional buyer, North Las Vegas
YOUR conventional RATE

Check Your Refinance Rate

conventional rate-and-term refinance from 5.625%. Cash-Out from 6.000%. See how much you could save.

Check Refi Rate (702) 696-9900

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WHY US
The Valley West Difference
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Lenders competing for your conventional loan.
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Conventional Loan Resources

→ Conventional Eligibility → Conventional Rates Today → conventional Calculator → Conventional Purchase → conventional Refinance → conventional Guide → First-Time Buyer → Closing Costs → Closing Costs → conventional vs FHA
FAQ

Frequently Asked Questions

The conventional Interest Rate Reduction Refinance Loan (rate-and-term refinance) lets homebuyers refinance an existing conventional loan to a lower rate. It requires minimal paperwork, usually no appraisal, no income verification, and can close in as few as 15 days. You must already have a conventional loan to qualify.

Yes. A conventional cash-out refinance lets you refinance up to 100% of your home's value and take the difference in cash. You can use the funds for debt consolidation, home improvements, or any purpose. This option is available even if your current loan is not a conventional loan.

conventional refinance closing costs typically range from 1-3% of the loan amount. The conventional closing costs for an rate-and-term refinance is 0.5%. Valley West Mortgage charges zero lender fees, so your costs are limited to third-party fees like title insurance and recording fees.

Consider refinancing when current rates are at least 0.5% lower than your existing rate, you want to switch from an ARM to a fixed rate, or you need cash from your home equity. The general rule: you should recoup closing costs within 36 months of savings.

For a conventional rate-and-term refinance (streamline refinance), an appraisal is typically not required. For a conventional cash-out refinance, a full conventional appraisal is mandatory to determine your home's current market value.

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate