VA Cash Out Refis have New Rules
Highlights:
- Max Cash Out LTV = 100% (including the Funding Fee)
- Expanded Net Tangible Benefit Test
- New Comparison Disclosure (many additional metrics)
- New Disclosure Issued within 3 Days of Application
- 210 day Loan Seasoning (seasoning starts 1st Payment of current loan)
- 36 Month Fee Recoupment Disclosure (Applies only to VA to VA and includes all fees but not escrows/prepaids)