Refinance out of a VA Loan

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Hello BP Community,

I'm currently looking at refinancing out of a VA Loan. My loan is only 2.5 years old and I have a great rate on it. My reason for doing this is primarily to get out of the va loan so that I can use it again in the future. I could never afford 20% down on a multi fam and dont want to pay mortgage insurance either. I can pay the 5% dp to reduce the funding fee from 3.3 to 1.6. Also, property values in my neighborhood have gone up so much that I have some confidence that I could meet the 75% ltv ratio on a refinance. And, with rates the way they are, i think this is my best opportunity to make this move.

I do have some concerns, even though rates are great right now, i'd have to pay a full point to meet my current rate, although i'm also interested in paying more than that to reduce my current rate. Only because i figure since i'm doing this, I may as well get a better rate. I wouldn't want to refi again in the future. I know that my savings on .125 would take forever to re-coup vs the points that i'd pay. However, i'm doing the math against the mortgage insurance and the higher rate i'd get if I didn't use a va loan on my next property. Any thoughts on this perspective?

Also, i've had a few lenders tell me that there's no point to get out of my va loan. I might as well save on closing costs and points and the reset of my interest payments and just go conventional or FHA for my next property. although, again, the numbers as far as not getting the best va rate, downpayment, and mortgage insurance just doesn't make sense to me. Am i missing something?

about to pull the trigger but just looking for some thoughts in case there's anything i hadn't thought of.

Thanks all