Welfare Info

Cash-Out Refinance Loan

Veterans Benefits Administration (VBA)

What is Cash-Out Refinance Loan?

The Department of Veterans Affairs (VA) Cash-Out Refinance Loan is for homeowners who want to trade equity for cash from their home. These loans can be used as strictly cash at closing, to payoff debt, make home improvements, and pay off liens. The Cash-Out Refinance Loan can also be used to refinance a non-VA loan into a VA loan. VA will guaranty loans up to 100 percent of the value of your home.


Cash-Out Refinance Loan is administered by Veterans Benefits Administration (VBA).

Program Requirements

Persons who may qualify for VA-guaranteed loans include:

  • Veterans,
  • Reserve and National Guard members (called to active duty),
  • Active duty service members,
  • Current Reserve and Guard members (after six years of creditable service), and
  • Certain surviving spouses.

To be eligible, the Veteran/service member must have been discharged under conditions other than dishonorable and meet length of service requirements.

As a requirement for a VA home loan, the Veteran, the Veteran's spouse, or dependent child must certify occupancy for the property.

Application Details

What is the application process for Cash-Out Refinance Loan?

To apply, you will need a valid Certificate of Eligibility (COE). There are several ways to obtain your COE:

  • You may be able to obtain a COE online through eBenefits.
  • If you are unable to obtain your COE through eBenefits, check with your lender. In most cases, your lender will be able to obtain a COE for you using the Automated Certificate of Eligibility (ACE) program.

For more information on this program, please visit the Home Loans webpage.

Contact Info


How to Apply

Cash-Out Refinance Loan

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