VA CASH-OUT REFINANCE
Turn Your Home Equity Into Financial Flexibility
A VA Cash-Out Refinance can help eligible Veterans, active-duty service members and qualifying surviving spouses replace an existing mortgage while accessing available home equity.
Veteran Focused. Personal. Experienced.
VA CASH-OUT REFINANCE
Turn Your Home Equity Into Financial Flexibility
A VA Cash-Out Refinance can help eligible Veterans, active-duty service members and qualifying surviving spouses replace an existing mortgage while accessing available home equity.
Veteran Focused. Personal. Experienced.
Access Available Home Equity
Refinance VA or Non-VA Mortgages
No Monthly Private Mortgage Insurance
Fixed and Eligible Adjustable-Rate Options
Personalized VA Loan Guidance
UNDERSTAND YOUR OPTIONS
What Is a VA Cash-Out Refinance?
A VA Cash-Out Refinance replaces your current mortgage with a new VA-backed mortgage. Unlike an IRRRL, it may allow you to receive cash from your available home equity at closing.
It can also be used to refinance an eligible conventional, FHA or other non-VA mortgage into a VA-backed loan, even when taking cash out is not your main goal.
Typical Requirements
VA Home Loan Certificate of Eligibility
Income and credit qualification
VA appraisal
Owner occupancy as your primary residence
Applicable VA and lender underwriting requirements
USE YOUR EQUITY WITH PURPOSE
What Could You Do With Your Home Equity?
Eligible homeowners may choose to access equity for a range of financial needs.
Home Renovations
Repairs, updates or improvements to your primary residence.
Debt Consolidation
Pay off qualifying higher-interest debt and restructure monthly obligations.
Education Expenses
Use available funds for qualified personal education needs.
Major Expenses
Address planned household or family expenses.
Financial Reserves
Build additional liquidity for future needs.
Other Financial Goals
Review options based on your individual situation and long-term plan.
Up to 100%
POTENTIAL VA
CASH-OUT
FINANCING
AVAILABLE EQUITY
How Much Equity Can You Access?
VA guidelines can permit qualifying cash-out refinance transactions up to the home’s appraised value in certain cases. Actual eligibility and maximum loan amount depend on your full financial and property profile.
Your actual loan amount can depend on your home’s appraised value, current mortgage payoff, available VA entitlement, income, credit, residual income, debt-to-income ratio, lender requirements, closing costs and the VA funding fee.
Start with the numbers. A VA loan specialist can help estimate potential available equity before you decide whether to move forward.
COMPARE YOUR REFINANCE PATHS
VA Cash-Out Refinance vs. VA IRRRL
VA Cash-Out Refinance
Access available home equity
Refinance an eligible non-VA loan into a VA loan
Potentially consolidate qualifying debt
Full financial qualification generally required
VA appraisal generally required
VA IRRRL
May help reduce an eligible interest rate or payment
Can move certain adjustable-rate financing to fixed-rate financing
Cash-out from home equity is not its purpose
A CLEARER REFINANCE PROCESS
Your VA Cash-Out Refinance Process
1
Talk With a Specialist
Review your existing mortgage, estimated equity, VA eligibility and goals.
2
Review Your Options
Compare your current mortgage with potential VA refinance options and costs.
3
Qualification and Appraisal
Provide financial documentation and complete the required VA appraisal.
4
Review and Close
Review final loan terms, payment, costs and proceeds before closing.
KNOW THE FULL PICTURE
Understand the Costs Before You Refinance
The amount of cash you receive should never be the only number you consider.
Look at the whole loan
Your new interest rate and monthly payment
Your new loan balance and remaining term
Closing costs and VA funding fee, when applicable
Amount of equity withdrawn
Total interest and long-term borrowing costs
Your expected time in the home
VA FUNDING FEE
Current VA Cash-Out Refinance Funding Fee
A VA funding fee generally applies unless you qualify for an exemption.
2.15%
First Use
Current VA funding fee for first use of the VA home loan benefit on a cash-out refinance.
3.30%
Subsequent Use
Current VA funding fee for subsequent use. Some eligible borrowers are exempt.
Fees shown are from the supplied guide and must be re-verified against the official VA chart before launch.
VETERANS HELPING VETERANS
Mortgage Guidance Focused on Those Who Served
Veteran Mortgage Solutions focuses on clear explanations, personalized guidance, transparent loan comparisons, responsive communication and support from application through closing.
Our goal is to help you understand your options, compare the numbers and make an informed decision about your home financing.
“To serve those who have served our country.”
Proud Veteran-Owned Business Partner of the Purple Heart Foundation
LET’S TALK ABOUT YOUR GOALS
Start With a Free VA Refinance Review
Tell us what you want to accomplish. A VA loan specialist can review your current mortgage, estimated property value, available equity and refinance goals.
Prefer to talk now?
Free consultation. No obligation to apply.
Request Your Free Consultation
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VA CASH-OUT REFINANCE FAQS
Common Questions About VA Cash-Out Refinancing
What is a VA Cash-Out Refinance?
It replaces your existing mortgage with a new VA-backed mortgage. Eligible borrowers may be able to access available home equity or refinance an eligible non-VA mortgage into a VA-backed loan.
Do I already need to have a VA loan?
No. Eligible borrowers may use a VA Cash-Out Refinance to replace certain conventional, FHA or other non-VA mortgages.
Do I have to take cash out?
No. The program can also be used to refinance an eligible non-VA mortgage into a VA-backed mortgage.
How much can I borrow?
VA guidelines can permit qualifying loans up to 100% of the property's appraised value in certain cases. Actual limits depend on property value, payoff, entitlement, qualifications, fees and lender requirements.
Do I need a home appraisal?
Generally, yes. A VA appraisal is typically required to establish the property's value.
Can I refinance an FHA or conventional loan into VA financing?
Potentially, yes, if you are eligible for VA financing and meet applicable VA and lender requirements.
Can I use the money to pay off debt?
Potentially, yes. You should compare the long-term cost of moving unsecured debt into a mortgage secured by your home.
Does a VA Cash-Out Refinance require monthly mortgage insurance?
VA-backed mortgages generally do not require monthly private mortgage insurance. A one-time VA funding fee may apply unless you qualify for an exemption.
What is the VA funding fee?
Current rates are 2.15% for first use and 3.30% for subsequent use of the VA home loan benefit on qualifying cash-out refinances. Exemptions may apply.
Is a VA Cash-Out Refinance always a good idea?
No refinance is right for everyone. Compare the rate, payment, term, costs, total borrowing expense, equity reduction and your financial goals before deciding.
See What Your Home Equity Could Do for You
Whether you want to access available equity, refinance a non-VA mortgage, make home improvements or restructure your financing, start by understanding your numbers.
Ready to Explore Your VA Loan Options?
Whether you are buying, refinancing or simply trying to understand what your VA benefit may allow you to do, you do not have to figure it out alone.
Talk with a Veteran Mortgage Solutions loan specialist and get clear answers about your options.
Serving Veterans and military families from coast to coast, where licensed.
