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Cash-Out Refinance Loan
undefined Cash-Out Refinance Loan?
undefined Cash-Out Refinance Loan?
Persons who may qualify for VA-guaranteed loans include:
- Veterans,
- Reserve and National Guard members (called to active duty),
- Active duty service members,
- Current Reserve and Guard members (after six years of creditable service), and
- Certain surviving spouses.
To be eligible, the Veteran/service member must have been discharged under conditions other than dishonorable and meet length of service requirements.
As a requirement for a VA home loan, the Veteran, the Veteran's spouse, or dependent child must certify occupancy for the property.
undefined Cash-Out Refinance Loan?
Market Interest Rate, VA funding fee, and no pre-payment penalties. Maximum loan term cannot exceed 30 years. No maximum loan amount.
| 30 years | |
| Market | |
| None | |
| Monthly | |
| None | |
| Funding Fee |
undefined Cash-Out Refinance Loan?
To apply, you will need a valid Certificate of Eligibility (COE). There are several ways to obtain your COE:
- You may be able to obtain a COE online through eBenefits.
- If you are unable to obtain your COE through eBenefits, check with your lender. In most cases, your lender will be able to obtain a COE for you using the Automated Certificate of Eligibility (ACE) program.
For more information on this program, please visit the Home Loans webpage.
If you have questions:
- Visit the Ask VA (AVA) webpage to ask a question electronically.
- Please contact a Regional Loan Center if you have detailed questions.
To apply for VA benefits and services, view your benefit status, and many more services go to www.va.gov and either logon with your eBenefits sign on or use www.Logon.gov to enroll. VA.gov is a one-stop source for information on Department of Defense and Department of Veterans Affairs benefits and services. Veterans, service members and their family members can conduct self-service transactions such as checking compensation and pension claim status information, enrolling in GI Bill, and obtaining copies of civil service preference letters, military records (DD214), and other personal information. For further information visit the VA.gov website.
