VA Cashout vs VA Streamline Mortgage Refinance | Carlos Scarpero, Mortgage Broker in Dayton, Ohio, NMLS #1674385

VA Cashout vs VA Streamline Mortgage Refinance

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Use one of my quick & easy tools to find out what you qualify for. 

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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!



Max Loan

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

Credit Requirements

Full underwriting

Limited credit check but most lenders have a minimum score requirement

Income Check

Full documentation


Funding Fee

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

The Complete Guide to the VA Cashout Refinance Loan

The Complete Guide to the VA Streamline Refinance, IRRRL

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