It is possible. I just refinanced a client from a conventional loan into a VA loan. When he originally purchased the home he used builder financing to get some promotions and they did not do VA. You will be capped at a 90% LTV but other than that it should not be a problem if all else checks out.
Call me if you would like to discuss. I am a Tier 1 Wholesale Broker with Wells Fargo (and many other lenders). This allow me to offer rates much lower than using a retail branch of the same lender and you also get a free one time float down once locked. So if rates drop before funding we can float you down to the current rates at no cost to you.
Call or email me if you have any questions.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
firstname.lastname@example.org | www.AustinListed.com