Are VA cashout refinances allowed for low equity?
VA cash out is limited to 90% loan to value. You can finance 100% with a purchase loan or a IRRL refinance but you're capped at 90% for cash out or a refi from a non-VA loan into a new VA loan. If you need the cash, your best bet will be a HELOC if you can find a local bank that will go to 95% CLTV. Depending on when you...