The house now has appraised for 325000 , analyzing the for how much houses are selling in my neighborhood with the same house specifications.Bought the house January 2020 after selling my house in North Carolina , I did irrl refi with 2.25 % which has been really beneficial to me in regards monthly mortgage payments.I am looking to buy another house near my area , I got pre approved for conventional loan , 420k maximum .

Interest rates are based off your credit score, how much you're putting down on the property, what kind of loan this is (conventional, asset based, DSCR, renovation, etc.).

Conventional Loan with 5% down How did you add value to the deal?

Conventional Loan with 5% down How did you add value to the deal?

Conventional 7-year ARM with 20% down.

If you are not eligible for a VA loan, you can go the FHA 3.5% down route or Conventional 3-5% down.

Conventional loans are strict about down payments, @Jonathan Norris.  

I have done the same, leaving conventional behind and used Visio and LendingOne, and intended to use Mofin (had a change of circumstance, unrelated to them).

Otherwise, I am confused why anyone would want to refinance a VA loan that traditionally has the same, or better rates than average conventional loans, and NO mortgage insurance requirement into a commercial loan that will require a bigger equity position, and higher interest rate.Anyway, moving on.....You can reuse your VA more than once. 

Because my home is owner occupied, I was able to do a conventional loan with MIP at 4% down.