VA loan interest rates with plan to refinance out?

[Jonathan Balascsak]

Hey everyone!

I am closing on a duplex on Thursday we are house hacking (second tier VA Home loan Benefit) and the last order of business is to choose my interest rate. here are the rates with costs to close.

3.75- 765$ credit to me - P&I 1464.75

3.62- 1365$ due at closing - P&I 1447.74

3.50- 3608$ due at closing - P&I 1430.00

I am weighing the options of choosing the higher interest rate and refinancing out of the VA loan as soon as possible ( to reopen VA loan benefit) or giving up lender credits for the lower interest and holding the refinance off using other lending options for future deals. plan is to buy and hold as many positive cash flow properties I can.

I guess what I am asking is it better to have lower interest and use another lending option or have more cash available for the next deal and prep for a refinance opening up the VA loan?

Thanks y'all!

-Jonathan