VA have up to 100% cash-out programs. Most homeowners take cash-out for the following reasons. Just makes sure you have enough equity in your property to take out the amount you desire.
- Home Upgrades
- New Kitchen or Bathroom
- School Expenses
- Decrease Debt
- Payoff Second Mortgage
- and others…
If you live in Texas there is not an option to do cash-out and remain with a VA home loan. There are other options to do cash-out in Texas if you are interested we can be reached at (801) 871-3739.
If you do cash-out just remember you are re-qualifying for your VA loan and will be required to pay the VA Funding fee again.