Home Foreclosures: 38 C.F.R. § 36.4307 Interest rate reduction refinancing loan
(a) Pursuant to 38 U.S.C. 3710(a)(8), (a)(9)(B)(i), and (a)(11), a veteran may refinance an existing VA guaranteed, insured, or direct loan to reduce the interest rate payable on the existing loan provided that all of the following requirements are met:
(1) The new loan must be secured by the same dwelling or farm residence as the loan being refinanced.
(2) The veteran owns the dwelling or farm residence securing the loan and