VA continues to allow “Cashout refinances” to 100% of the property value. However, with the latest VA Circular 26-19-05, some fairly significant changes have been made which could affect the amount of cash a Veteran receives at closing. New Guideline for VA Cash-Out Refinance Effective for any new VA loan started on or after February […]
Category: VA Refinance
What is the maximum loan to value on a VA cash out refinance?
The VA mortgage program is an excellent option for California’s Veterans when it comes to refinancing home to pull cash out. Similar to how VA allows for 100% financing on a home purchase, VA also allows 100% financing on cash out refinances. There are two main types of refinance programs available using VA financing. The […]
Two Types of VA Refinancing in California
There is more than one type of VA refinance program available for California Veterans. While the most common type of VA refinance program is the VA Interest Rate Reduction Reduction Refinance, or VA IRRRL, the VA cashout refinance is also very a very popular VA refinance program. What is a VA IRRRL? A VA Interest […]
VA Cash Out Refinance for California Veterans
The VA cash out refinance is one of the most under utilized VA benefits available for California Veterans. The advantages of using the VA loan program for pulling equity out of your home include being able to borrower up to 100% of your home value, flexibility when it comes to credit and income qualifying compared […]
VA IRRRL Refinance for California VA Loans
The VA IRRRL refinance program is a great way for California VA loan borrowers to take advantage of low interest rates. An IRRRL, or Interest Rate Reduction Refinance Loan is also sometimes called the VA Streamline Refinance. The reason it is called a “Streamline” refinance is because of how easy the loan process is. There […]
Refinance from FHA to a VA Loan to Drop Mortgage Insurance
A refinance from an FHA home loan into a VA home loan is a great way to drop FHA monthly mortgage insurance, at least for those Veterans who are eligible. The monthly mortgage insurance on an FHA loan can really add on to your mortgage payment. And for FHA loans with case numbers pulled after […]