Conventional -> VA Mortgage Refi

Question for the community.

Currently have conventional mortgage ~320k at 8%. Looking into refinancing. Current bank offers a $2k discount on refinancing through them to conventional.

However, I'm 30% disabled and as far as I'm understanding this means the VA funding fee is waivable on a cash out va loan refinance.

QUESTION: Would refinancing into a VA loan while 30% disabled be the better option? I've never used a VA loan since I separated and am unsure how refinancing there works. Plan on contacting USAA Monday to see what they say but wanted the community's input as well.

Thanks