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Can I do a VA cashout after i've already done irrrl?

by chiareeks863174 from Ewing, New Jersey. Aug 19th 2014 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Absolutely.. You can use your VA benefits as often as you wish, however the funding fee changes based on prior use.. Also, VA allows for 100% Loan to Value on a Cash Out Refi, but not every lender will allow it so you might have to look around a bit to find one.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 19th 2014
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John Burke (jburke)
#27 ranked lender in Texas - 321 contributions

Hi Chiareeks, Thank you for your service. Yes you can do a cash out refi after doing an IRRRL. There are very few of us that will allow the true VA cash out refinance to 100% of your home's appraised value but I do. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank || http://valoansdoneright.com/100-va-cash-out-refinance-updated-july-17-2014/ | (877)228-9069 | Lending in ALL 50 states |

Aug 22nd 2014
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Sharon Duffy (sduffy)
#70 ranked lender in Pennsylvania - 595 contributions

Yes you can. I am a lender in New Jersey. Give me a call!Sharon856 324 3608

Aug 19th 2014
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Daniela Anghel (dana@utloanofficer.com)
#87 ranked lender in Utah - 50 contributions

Refinancing (whether a streamline, rate-and-term, or cash-out), always means replacing and existing loan with a new one. A cash-out will mean new closing costs and a new interest rate. Also, you will need to qualify with your income, and have an appraisal on the property (usually an out-of-pocket cost of about $500). But yes, you can absolutely do it. A lot of lenders allow 100% cash-out based on the appraisal value, just make sure you have enough equity in the home to make the move worth it

Aug 19th 2014
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Edward Fallon (edfallon)
#89 ranked lender in Pennsylvania - 143 contributions

Yes. I lend in NJ, so please contact me if you want to review the qualifications.

Aug 20th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Sure thing, but it will require an appraisal and full documentation of your income and other qualifications.

Aug 20th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Yes you can. Talk with a local loan officer and have them go over your options with you. Best wishes, Sean

Aug 20th 2014
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