VA · CASH-OUT REFINANCE
Put your home
equity toward your
next big move.
Explore a new VA-backed mortgage that may release home equity or refinance an eligible non-VA loan. We’ll walk you through the costs and the benefit before you commit.
Apply Now
- COE requiredVA entitlement applies
- Full appraisalProperty and income reviewed
- New mortgageExisting loan is replaced
BEFORE YOU GO FURTHER
Your VA benefit is
the starting point.
Confirm eligibility and entitlement, then put the property, funding fee and lender requirements into the picture.
- 01
Access home equity
Explore cash proceeds for your plans after the current loan and closing costs are covered.
- 02
Refinance into VA
Unlike an IRRRL, this route may refinance an eligible non-VA mortgage.
- 03
Compare total costs
Compare the new payment, rate, term, total costs, and any financed funding fee.
KNOW WHERE YOU STAND
Loan details.
AT A GLANCE
VA Cash-out Refi
- Existing mortgage
- Refinance VA or eligible non-VA loans
- Cash-out amount
- Lender limits, value, entitlement, and costs apply
- Funding fee
- May apply unless you qualify for exemption
- Underwriting
- Credit, income, appraisal, and program tests
WHAT GETS REVIEWED
Your starting checklist.
- VA eligibility, COE, and sufficient entitlement
- Home you will occupy as required
- Credit and income that meet the lender’s requirements
- Appraisal, seasoning, and applicable benefit rules
Worth considering
A VA cash-out refinance can increase the amount you owe and replace a lower existing rate. Closing costs and a funding fee may reduce proceeds or increase the balance.
COMPARE YOUR PATHS
Cash-out or streamline?
THIS LOAN
VA Cash-out
- VA or eligible non-VA loan
- May provide cash from equity
- Full underwriting and appraisal
ANOTHER PATH
VA IRRRL
- Existing VA-backed loan only
- No cash-out purpose
- A simpler process with required benefit checks
How it works.
You set the goal. Explore your options and understand what you’ll need next.
- 01
Tell your story
Start with your goal, your property and how you earn.
- 02
Explore your options
Compare the loan features that fit your situation.
- 03
Review the details
Confirm eligibility, documents, rates and total costs.
- 04
Choose your next step
Proceed when the offer and numbers work for you.
A little more clarity
Common questions.
Clear answers to help you choose your next step.
Can a non-VA mortgage be refinanced?
Yes, eligible borrowers may refinance an eligible non-VA loan into a VA-backed cash-out refinance, even when the aim is to change loan type rather than receive cash.
How much can I borrow?
VA guidelines allow cash-out refinancing up to 100% of the home’s appraised value, though lenders may set lower limits. The funding fee and closing costs also affect how much you receive.Draft, pending review
Is an appraisal required?
Yes. A VA appraisal is required to establish the home’s current value.Draft, pending review
How is this different from an IRRRL?
An IRRRL refinances an existing VA loan to lower the rate or move to a fixed rate, without cash out. A VA cash-out refinance can replace a VA or non-VA loan and may release equity, with an appraisal and full underwriting.Draft, pending review
Use the benefit with a
clear view of the costs.
Explore the options before replacing your current mortgage.
Apply Now