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Can one do a VA cashout with no appraisal? I see it only offered on the streamline

by nuello3478695 from New York, New York. Dec 30th 2014 Reply


Gene Neal (eneal@athccorp.com)
#31 ranked lender in New York - 273 contributions

You can't receive cash if you proceed with a streamline. A VA loan allows to 100% loan to value.

Dec 30th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,930 contributions

If you are looking for cash-out on a VA loan, an appraisal is required. For VA loans in MN, WI, and SD - Visit www.VA-IRRRL-LOAN-MN.com

Dec 30th 2014
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

No- for a "cash out" refinance you will need to have an appraisal done- for more information please e-mail me at pete.bass@everbank.com- I would be happy to help you- Thank you for your service!

Dec 30th 2014
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Hi Nuello, Yes you need an appraisal to do cash out on a VA loan. Call me at 914-290-5000 Ext 101 to discuss further and possibly make application. Jeff Mitchell, President of ABC 123 Mortgage, Inc. Appointments day, evening or weekend in our office or at your home or office.

Dec 30th 2014
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

No. A Streamline refinance is allowed with no appraisal because VA is already on the hook for the loan amount outstanding. If you want to pull cash out you have to prove your home has the value to warrant it. This is why you need an appraisal. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950

Dec 30th 2014
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