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Unlock the power of your home’s equity! VA cash out refinances let you replace your current VA loan with a new VA loan for a higher amount and get the difference in cash.

Say you have a $150,000 loan balance and a lot of home equity. You might be able to refinance to a $200,000 VA Loan and get $50,000 in cash.

It can be easier to qualify for VA cash out refinances compared to other kinds of loans. Learn more by reading our cash out refinance example.

VA Cash Out Refinances

Only Veterans, active-duty personnel, surviving spouses eligible
Minimum credit score often 550
Funding fee required

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Conventional Cash Out Refinances

All borrowers eligible
Minimum credit score often 620
No mortgage insurance with 20% equity
No funding fee

Learn More

FHA Cash Out Refinances

All borrowers eligible
Minimum credit score often 550
Mortgage insurance required
No funding fee

Learn More

Get More Cash with VA Loans

You can often get more cash with VA loans compared to other cash loans. That’s because you might be able to borrow up to 90% of the value of your home’s equity with a VA cash out refinance. Ask our Loan Advisors how much cash you might get from your home.

See If You Qualify

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How Much Cash Can You Get?

The amount of cash you might get from a cash out refinance depends on the value of your home’s equity and the loan-to-value ratio of your refinance. Change the default values to personalize your estimate!

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The estimated cash-out amount result was calculated by subtracting the outstanding principal balance of your loan from 80% of your property’s estimated value and assumes closing costs will be paid in cash. Your actual cash-out amount may be less. It will be calculated by taking 80% of your property’s actual value (as determined by a full appraisal) and subtracting all outstanding liens and any applicable costs from that value.

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Let us help you secure the cash you need for your financial goals. Fill out the form below and one of our licensed Loan Advisors will contact you.

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* This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of refinancing, speak with a loan advisor at Freedom Mortgage.

A loan advisor from Freedom Mortgage will reach out to you to review your results and discuss the request for a cash out refinance on your home’s equity.

By clicking "Get Your Results," you consent to be contacted, including via automated technology or artificial/prerecorded voice, by Freedom Mortgage and any of its current or future affiliated companies (collectively "Freedom Mortgage") at the phone number(s) and email address(es) provided for marketing purposes about loans, even if your number is listed on a federal, state or internal do not call list . You affirm that you are the subscriber of the phone number(s) and email address or that the subscriber has authorized you to provide this consent. Your consent is not a condition of purchase of goods or services from Freedom Mortgage.

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Explore the VA Loan Cash Out Refinance Process

Step 1
Check Your Eligibility Step 2
Estimate Your Cash

Step 2
Estimate Your Cash Step 3
Apply for a VA Loan

Step 3
Apply for a VA Loan Step 4
Get Your Cash

Step 4
Get Your Cash Step 1
Check Your Eligibility

Check Your Eligibility

Veterans, active duty military personnel, and surviving spouses can be eligible for VA cash out refinancing. You may need to provide us with a certificate of eligibility (COE) to prove your status. You typically need to live in the home you are refinancing. You’ll also need a substantial amount of home equity to get cash.

Estimate Your Cash

You can often borrow more cash with VA cash out refinances compared to FHA or Conventional cash out loans. You can use your money to consolidate debt, pay for major expenses, and invest in new opportunities. Our Loan Advisors can help you estimate how much cash you might have available.

Apply for a VA Loan

You will need to complete a loan application, submit documents, and meet our credit, income, and financial requirements to get approved for a VA cash out. Once you’re approved, we’ll schedule a closing appointment so you can sign your loan documents, pay any closing costs, and get your cash.

Get Your Cash

You’ll typically receive your cash within five days of closing your VA cash out refinance. We can wire your cash to your bank account or mail you a check. You’ll get your cash as a lump sum, which means you’ll receive all the cash from the loan at the same time.

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VA Loan Cash Out Refinance FAQs

Find answers to common questions homeowners ask when they are thinking about VA cash out refinancing.

The VA loan cash out refinance rate we might offer you is affected by current rates, your credit score, income, and finances, and other factors.

Freedom Mortgage may be able to offer you an interest rate that is lower—or higher—than the rate you see from other lenders. Ask us today what VA cash out refinance rate we can offer you.
You may still qualify for VA cash out refinancing when you have less than perfect credit. That’s because at Freedom Mortgage, you may qualify to get cash from your home with a credit score as low as 550. This is lower than the minimum credit score some lenders require for a VA cash out refi.
A VA cash out refinance may be the right choice for you. You may be able to borrow more money with a VA Loan compared to a home equity loan or HELOC because at Freedom Mortgage, you may be able to borrow up to 90% of your home’s equity.

VA cash out refinances can have lower rates compared to home equity loans and HELOCs too. Learn more about HELOCs and home equity loans.
You’ll probably need to pay closing costs when you get a VA cash out refinance, including the funding fee. In 2025, the funding fee for your first VA cash out refinance is equal to 2.5% of the loan amount. Some disabled veterans and surviving spouses are exempt from paying the funding fee. Other closing costs you may need to pay include lender fees and discount points.
To apply for a cash out refinance at Freedom Mortgage, call one of our experienced Loan Advisors at 877-220-5533. We’ll help you complete your application and work with you every step of the way to make getting your cash simpler.

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Learn More About VA Cash Out Refinances

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The Right Loans to Reach Your Goals

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VA Cash Out Refinance

VA Cash Out Refinances

Conventional Cash Out Refinances

FHA Cash Out Refinances

Get More Cash with VA Loans

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