Are VA cashout refinances allowed for low equity?

The maximum loan to value on a cash out VA loan is 100%.

Sure is, 100% VA Cash Out. Best program available. Right now you can get a rate as low as 3.25% on a 30 year fixed Va Cash Out & receive a Lender Credit!

You can get 100% cash out!

VA allows for 100% cash out, however VA does not lend money.. they only insure loans against default.. each lender who offers VA financing will oftentimes have their own guidelines above what VA calls for.. it's these "Overlays" that limit some lenders for higher Loan to Value maximums.. for this reason, your better off contacting a local mortgage broker.. Brokers work with numerous lenders (I have 21) seeking out the best terms for your exact loan scenario.. the more lenders, the more options and the more likely your loan will be approved.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Up to 100% cash out is allowed.

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 closed your current VA loan though, you may still want to look at the IRRL refi as it's a quick and cost effective way to reduce your interest rate and monthly payment.

How much are you looking for ? I might have a easy solution for you. I work with a lot of folks in the military, active ,and discharged, and there are options out there that makes it a lot easier for you to get funds without redoing your loan.. linda at yourloanpartnerforlife@live.com

Absolutely, VA is 100% Financing. We are local here in Myrtle Beach, but our new Branch Manager is from the Upstate. We already have a couple loans closing in Easley this month. We would love to add one more... 843-215-6200 or 803-900-0090

Sure thing, we can refinance you up to 100% of the home value, assuming the details of your application work out. Rates are excellent, it's a good time to act! - Just down the road from you in Charleston.

FYI, some lenders will not allow cash out to 100% but that is their rule not VA!

Well the good news is that VA will allow up to get a cash out loan up to 100% of your homes value. As long as you qualify that is. :)

VA loans allow you to cash out up to 100% of the value of the home. So how much is the home worth? Is there enough money there for your needs? If so, contact a local mortgage broker in your area who handles VA loans. In MN, SD, and WI, visit www.VA-IRRRL-Loan-MN.com