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Sometimes you require additional cash now, for a real need. Perhaps you need to pay school tuition, or maybe it's time to make improvements that will increase the value of your home prior to a sale.  In cases like these, your home could be looked upon a source of equity which you can borrow against - if the terms, conditions and timing are right, you may want to consider refinancing your VA Loan.


VA refinancing involves repayment of your current real estate debt from the proceeds of your new VA mortgage, with the same borrower(s) and the same property. This is called a "Cash Out" Refinance.


Cash-Out Refinancing is available for homes that are used as your principal residence. A veteran-owner can refinance up to 90% of the appraised value plus the funding fee and the cost of any energy efficient improvements up to $6,000 if the property can withstand the designated loan to value ratio.




  • There is no minimum amount you can borrow, yet your home must have sufficient equity to qualify for VA Refinancing.

  • A cash-out refinance is for the outstanding balance of an existing mortgage, but can also include other debts (the first mortgage must be included in the refinance).

  • As a veteran, you can receive cash proceeds from the loan for any purpose acceptable to underwriting.

  • Existing mortgages or other liens of record may be refinanced whether they are in a current or delinquent status, but refinancing loans are subject to the same income and credit requirements as regular home loans.

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