New for qualified veterans.
Refinance up to 100% of your home’s value with a VA Cash-Out home loan.
A VA Cash-Out Refinance Loan provides access to cash from the equity you’ve built up in your home – and you’re free to use the money for whatever you want!
- Remodel your home
- Pay off high-interest debt
- Eliminate tuition-related debt
- Buy a car or boat
Compared to many other kinds of loans, the VA Cash-Out is often your best way to convert your home’s equity into cash because it’s often offered at a lower rate when compared to a conventional cash out loan.*
Low interest rates and high home values make it a great time to tap into your home’s equity for other expenses. Contact us today to find out if you qualify.
*Property must be owner occupied. Requires a full appraisal as the loan amount is based upon the current appraised value. Maximum loan amount is $636,150. Applicants are not required to extract cash. Closing costs and funding fee can be rolled into the entire loan amount. By refinancing an existing loan, total finance charges may be higher over the life of the loan. Residential Mortgage’s operations, products and/or services do not originate from, and are not endorsed by the VA, USDA, HUD or FHA.
Residential Mortgage is no longer charging an origination fee on its home loans, lowering out-of-pocket closing costs to qualified homebuyers.*
Instead of paying the customary 1% origination fee, you’ll pay a $799 processing fee and $250 underwriting fee.
The money you save could be in the thousands, and be used to increase your down payment, set up an emergency fund for those inevitable home repairs, lower debt, or whatever you choose.
Local service, more programs and fewer fees set us apart from other lenders.
For more information, or to pre-qualify, contact us today.
*Restrictions may apply. Amount of savings depend on the loan amount. Minimum loan amount to save is $105,000. Not available on AHFC loans.