VA Jumbo and Conforming 5/1 ARM rates as low as 4.75% (4.99% APR)
VA Cash‑Out Refinance
VA Cash‑Out Refinance
Use your home’s equity to pay off high‑interest debt, fund renovations or pay for education with a VA Cash‑Out refinance.
Tap Your Equity with a VA Cash‑Out
With a VA Cash‑Out refinance you can replace your existing mortgage (VA or non‑VA) with a new VA‑backed loan that’s larger than the amount you owe. The difference between your new loan balance and what you currently owe is paid out to you as cash. You can use those funds for home improvements, debt consolidation, education expenses or any other purpose.
VA guidelines allow eligible veterans and service members to borrow up to 100% of their home’s value, though many lenders set their own lower limits. By leveraging the VA guarantee, you’ll enjoy no monthly mortgage insurance and potentially lower rates than conventional cash‑out refinances.
Key Benefits
- Access Up to 100% LTV: Borrow against 100% of your home’s value, depending on lender guidelines.
- Consolidate High‑Interest Debt: Replace expensive credit cards or personal loans with a single low‑rate VA mortgage.
- No Monthly Mortgage Insurance: VA loans have no PMI, even when borrowing at a high loan‑to‑value ratio.
- Flexible Use of Funds: Use your proceeds for home improvements, debt repayment, educational costs or investments.
- Competitive VA Rates: VA Cash‑Out loans often carry lower rates than conventional cash‑out refinances.
***Keep in mind that VA cash‑out loans carry a higher VA funding fee than IRRRLs – typically 2.15% for first use and 3.3% for subsequent use. In some cases lenders may cap the loan‑to‑value ratio at 90%, so talk to our specialists about your goals.***