VA Cash-Out Refinance
Tap into your home equity for debt consolidation, home improvements, investments, or any purpose — all with VA benefits.
Program Overview
A VA cash-out refinance allows eligible veterans to refinance their existing mortgage (VA or non-VA) and take cash out from their home equity. You can borrow up to 100% of your home's appraised value in most cases, making this one of the most flexible cash-out options available. Whether you want to consolidate high-interest debt, fund home renovations, or invest, the VA cash-out refinance gives you powerful options with no PMI.
Who Is This Loan For?
- ✓ Veterans who want to access home equity
- ✓ Homeowners looking to consolidate high-interest debt
- ✓ Veterans refinancing from a conventional or FHA loan to VA
- ✓ Homeowners funding renovations, education, or investments
Key Benefits
Up to 100% LTV
Borrow up to 100% of your home's appraised value — more than any conventional cash-out option.
No PMI
Even at 100% LTV, VA cash-out refinances never require mortgage insurance.
Use Funds for Anything
No restrictions on how you use the cash — debt consolidation, renovations, investments, emergencies.
Convert Non-VA to VA
Refinance from a conventional or FHA loan into a VA loan and take cash out simultaneously.
Qualification at a Glance
General Requirements
- Valid Certificate of Eligibility
- Sufficient home equity based on current appraisal
- Credit score typically 620+ (varies by lender)
- Standard income and employment verification
- Property must be primary residence
Documents Typically Needed
- DD-214 or Statement of Service
- Certificate of Eligibility
- Current mortgage statement
- Last 2 years W-2s and tax returns
- Recent pay stubs
- Bank statements (2 months)
- Property appraisal (ordered during process)
Frequently Asked Questions
You can typically borrow up to 100% of your home's appraised value minus your existing mortgage balance. For example, if your home is worth $400,000 and you owe $250,000, you could access up to $150,000 in cash.
Broker Disclosure: Scout Financial Group Inc DBA Airus Lending is a licensed mortgage broker (NMLS #2187418) and does not make loans or credit decisions. Airus Lending works with multiple wholesale lenders to help borrowers compare available loan options. Final approval depends on the lender, automated underwriting findings, documentation, state requirements, and overall borrower profile. Not all applicants will qualify.