12/04/2025
Effective with loan deliveries on and after December 05, 2025, the following maximum LTV/CLTV requirements apply to VA cash-out refinance transactions:
- Cash-Out Type l Refinance: A refinance in which the new loan amount (including the VA Funding Fee) does not exceed the payoff amount of the loan being refinanced. The Veteran may not remove equity from the subject property.
- Eligible up to 100% LTV/CLTV1
- Applies to all commitment types.
- Cash-Out Type ll Refinance: A refinance in which the new loan amount (including the VA Funding Fee) exceeds the payoff amount of the loan being refinanced. The Veteran may remove equity from the subject property.
- LTVs/CLTVs greater than 90% are ineligible.
Refer to the product profiles for complete requirements. Please contact your Sales Representative with any questions.
1 Subject to loan amount and/or minimum credit score requirements