VA Cash-Out Refinance: What It Is and How It Works
Reading Time: 3 minutesFor veterans, active-duty service members, and eligible surviving spouses, the VA Cash-Out Refinance program offers a powerful way to access
VA Loans make homeownership easier and more affordable for service members, veterans, and surviving spouses—helping you maximize the benefits you’ve earned.
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Most VA Loans allows you to buy a home with zero down, making homeownership more accessible.
Qualify with a credit score as low as 580, whether you're buying or refinancing.
With no PMI required, VA Loans reduce your monthly mortgage payment, saving you money every month.
VA Loans offer unique options for refinancing and accessing your home equity, providing more flexibility than conventional loans.
If your details are close to these guidelines, we encourage you to apply or talk to us. Even if a VA Loan isn't the right fit, we may have other options that work for you.
To qualify for a VA loan, you'll need a Certificate of Eligibility (COE) from the VA to confirm your eligibility.
Instead of monthly private mortgage insurance (PMI), VA Loans require a one-time funding fee at closing, typically around 3% of the loan amount or less.
VA Loans allow for a credit score as low as 580. Ideally, your debt-to-income (DTI) ratio should be under 45% for the best loan terms.
You'll pay approximately 3-6% of the amount you're financing for closing costs.
Estimate your monthly payments quickly and easily. Adjust loan terms, down payments, and interest rates to find the best fit for your budget.
See how refinancing can lower your monthly payment or help you access cash. Compare options and find out how much you could save.
Common Questions About This Loan — Answered for You
VA Loans are available to active-duty service members, veterans, and eligible surviving spouses. To qualify, you’ll need a Certificate of Eligibility (COE) from the Department of Veterans Affairs, which confirms you meet the necessary service requirements.
A VA loan offers exclusive benefits for qualifying military members, such as no down payment, no private mortgage insurance (PMI), and competitive interest rates. Unlike other home loans, VA loans are backed by the Department of Veterans Affairs, making them a unique and affordable option.
VP Capital Lending offers a range of VA loan options, including:
VA loans can be used to buy various property types, including single-family homes, multi-unit properties (up to four units), condos, and even certain manufactured homes, provided they meet VA guidelines. The home must be your primary residence.
VA loans offer great options for eligible homeowners who want to refinance, whether they currently have a VA loan or are switching to one.
Discover the unique advantages VA loans offer to service members, veterans, and surviving spouses—from zero down payment to competitive rates. See how VA loans make homeownership more affordable and within reach.
Reading Time: 3 minutesFor veterans, active-duty service members, and eligible surviving spouses, the VA Cash-Out Refinance program offers a powerful way to access
Reading Time: 3 minutesA VA-guaranteed loan is a mortgage program offered exclusively to veterans, active-duty service members, and eligible surviving spouses. Backed by
Reading Time: 3 minutesVA loans offer veterans, active-duty service members, and eligible surviving spouses a range of financing options tailored to meet different
