VA Cashout vs VA Streamline Mortgage Refinance
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Wondering what the difference is between the VA Cashout Mortgage program and the VA Streamline refinance? Check out this handy chart!
100% of property value (if there's enough entitlement and net tangible benefit)
Amount of current VA loan plus closing and funding fee costs, not to exceed 100% of property value
Mortgages That Can Be Paid Off
Any mortgage including VA, FHA, USDA, Conventional, HELOC
VA mortgage only
Limited credit check but most lenders have a minimum score requirement
2.15-3.3% (unless exempt)
0.5% (unless exempt)
Can Pay Off Other Debts
Cash Back At Closing
For more info, check out my other blog posts that explain each program in more detail