VA Refinancing
With Up to 100% Cash Out

VA Refinance Loans: Access the Cash within Your Equity

Veteran homeowners who want to cash out equity in their homes have many options when it comes to VA refinance loans.  In fact, veterans can cash out up to 100% of the equity in their homes when they get a VA refinance loan with us—something that most other VA-approved lenders cannot offer.  While you don’t have to take any cash out when you refinancing, it’s an option that many homeowners find valuable.

Our veteran homeowners can also achieve major financial goals by strategizing their VA mortgages when they refinance. From reducing monthly payments to paying off outstanding debt and achieving lower VA loan interest rates to owning their homes outright, our nation’s military members and veterans—along with their families—can live the lifestyles they deserve to live.

VA Refinance Cash Out Loan Benefits:

  • Up to 100% equity cash out available on VA home loans when refinancing
  • Reduced monthly payments
  • Achieve outright homeownership faster with a shorter VA loan term
  • Closing costs and applicable VA funding fees can be rolled into the VA refinance loan
  • Use cash to pay for emergencies, make home improvements, pay tuition, get out of debt, and more
  • Lower VA loan interest rates
  • Minimum credit score requirement of just 580
  • NLC Loans™ has fewer lender requirements (overlays) than many other VA approved lenders

VA Cash Out Refinancing FAQ:


Do I Have to Live in the Home to be Eligible for a VA cash out refinance loan?

Yes. In order to cash out any part of your equity with a VA refinance loan, you must prove that you currently occupy the home.

Do I Need to Have a Certificate of Eligibility to apply for a VA refinance loan at NLC Loans?

The Department of Veterans Affairs does require that veterans or eligible spouses obtain a Certificate of Eligibility—or COE—in order to process their VA loan application. However, you do not need to have this document in your possession to begin the VA home loan refinance process with us. Your Personal Mortgage Advisor will assist you in obtaining your COE quickly and easily.

Do I Have to Have an Existing VA Home Loan in Order to Get a VA Cash Out Refinance Loan?

No, you do not need to have a VA loan in order to get a VA refinance loan. It doesn’t matter what mortgage type you currently have—FHA, conventional, or USDA—as long as you meet the VA loan eligibility standards.

Can I Get a VA Refinance if I Missed Mortgage Payments?

VA cash out refinance loans are not available for homeowners who have been more than 30 days past-due on their mortgage payments at any time within 12 months prior to their VA loan application. Late payments that occurred more than 12 months ago are not considered in the VA cash out refinance loan approval process. 


As a result of refinancing, your total finance charges may be greater over the life of the loan. Ask your NLC Loans Personal Mortgage Advisor for more details.