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Can I do a No Cash Out 100% LTV refi from non-Fannie/Freddie to a VA Loan?

by cl_248_273_850 from Bay Area, California. Jul 23rd 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Under VA guidelines, you can.... now let's talk lenders.. Some lenders have overlays which will limit what percentage they will refinance at.. If your property was here in AZ, then I have several lenders that will allow you to refinance 100% of a non VA mortgage into a VA mortgage... In CA.. You will have to contact a lender there and see.. 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. 480-287-5714 WilliamAcres.com

Jul 23rd 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Yes, VA will allow this. Work with a local Mortgage Banker/Broker rather than one of the big banks or national mortgage factories. Not all lenders will allow a full 100% LTV on a non-purchase VA loan. The Mortgage Banker/Broker works with many lenders and will be able to find the right program for you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Jul 23rd 2012
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

VA allows it. You need to find a local lender with no underwriting overlays to the VA guides.

Jul 23rd 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

First , what is your loan size ?? there are VA LIMITS..

Jul 23rd 2012
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Technically speaking, yes... But, this is one of the areas that almost all lenders add an additional restriction (overlay) to the basic VA rules limiting you to 90% loan-to-value. One lender here has already said they have no overlays and will do 100%. In MN or WI, visit va-irrrl-loan-mn.com

Jul 24th 2012
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