Requirements
You need a COE and must meet VA and lender credit and income standards. The home must be your primary residence.
Appraisal and underwriting
An appraisal is typically required to establish value. The lender's underwriting determines how much you may borrow.
Fees and terms
Expect closing costs and, unless exempt, a VA funding fee. Rates, fees and terms vary by lender and borrower profile.
What Eileen can help with
- Reviewing your equity and goals
- Comparing a cash-out refinance with other options
- Estimating costs and the new payment
Frequently asked questions
- How much cash can I take out?
- It depends on the appraisal, your entitlement and lender underwriting. Eileen can review your situation.