Changes to VA Cash-Out Refinance Requirements

The Department of Veterans Affairs has announced changes to cash-out refinance transactions in VA Circular 26-18-30 issued December 19, 2018, Circular 26-18-30 Change 1 issued December 21, 2018 and Circular 26-19-05 issued February 14, 2019.

VA has established new requirements for all VA cash-out refinance loans that are effective with loan applications dated on or after February 15, 2019.  As a reminder, VA considers all refinance transactions “cash-out