having a 30 yr fixed va loan at 3.75 thinking about changing to a va hybrid loan 5/1 can it be done

The short answer is yes.. but why would you.. the current rates for an ARM are about 1/2% lower.. and there's a much greater likelihood that rates 5 years from now will be significantly higher than they are today.. Unless you know for sure you will be moving within 5 to 6 years, I don't see the benefit.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

I recommend you consult with a mortgage broker in your area experiencedin providing VA loans, for if a qualified borrower you can certainly refinanceinto a V A 5/1. However, you can only do a VA streamline refinance loan... requiring no appraisal/no income verification...into another 30 year fixed rate VA loan.

I would see what the rates are with a local lender. You will need to also think about where you plan to be in 3-5 years with the house and loan. Rates are as low as they will probably ever be now so when that 5 year ARM readjusts your rate will more than likely go up.

Maybe... If you are in process and buying a home, switch if you want. If you are doing a standard VA refinance, switch if you want. If you are doing a streamline VA refinance, you can't go to an adjustable.

Yes, if you are doing a normal refinance. But you really need to review the options with a local loan officer or two and see what the cost vs. benefit is and how long it will take to break even and to see if it makes any sense to do so.