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Is there any seasoning requirement for va cash out refinances?

by philhampton914 from Houston, Texas. Jul 31st 2015 Reply


Ed Campbell (EdCampbellVA)
#76 ranked lender in North Carolina - 22 contributions

None at all, VA allows up to 100% loan to value. This can also cover the fees and escrows to set up your new account as well. If you turned this into a rental and have moved out then this type of transaction is not allowed.Cant go over the county limits set by VAGood luck, please let me know if you need assistance with this type of transaction.https://www.facebook.com/ecampbellmortgage

Jul 31st 2015
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Henry J Daniels, CMPSI, CMHS (HenryJDanielsNationalMortgage)
#1 ranked lender in Texas - 137 contributions

Hi Phil, If you are looking to Do a Cash Out in Texas you have to go Conventional. Per Texas Law USDA, VA and FHA Cash outs are not permitted. You are also limited to 80% of the value of the home. If you can do a conventional cash out and get the equity you want then the general rule is that you need to have been on title for at least 30 days. If you purchased the property then 90 to 180 days is the accepted norm.

Jul 31st 2015
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Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,246 contributions

If you're not in TX we offer up to 100% cash out on VA but I'm pretty sure there is a 12 month seasoning requirement. Let me k now if you're outside of TX where there are local rules that prevent cash out.

Aug 2nd 2015
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