VA loan cash out refi. into conventional to use VA again...?

Question

Any experience cashing out a VA loan into a conventional loan? I wanna get into another property utilizing the VA zero down again?

I know it'll be 75-80% ltv... curious re: seasoned, is it 6 mths or a year, etc.

Zack Karp · Answer

Account Closed is your CA guru if you need any help.

TYFYS and best of luck!

Account Closed · Answer

Depending on your VA award, you may be able to pick up two properties without having to sell or refinance one. Talk to a local mortgage broker (not a bank) and ask what your VA limits are and what options you have.

Alexander Felice · Answer

there is no technical barrier to this that I can see

I'm curious how you're going to find multiple retail condition homes that allow you to move-in but still purchase at 75% LTV.

also transactional costs are going to be very high for this approach

VA loan cash out refi. into conventional to use VA again...?

VA loan cash out refi. into conventional to use VA again...?

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