Can I get a loan at 100% non-VA loan to refinance a VA?

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I am eligible for VA financing, I have an existing mortgage of $ 360,000, which I am in a VA refinance loan. Can I get a 100% Refi? This can be Nordkalifornien.Au├čerdem there are caps on how much you earn? Are there limits on the amount you borrow? Dank.Dies is the rate and term btw, no cash aus.Nun Maria, this is not an answer to my question is? It is completely unnecessary. I did not ask you to evaluate my financial situation, the question of “if” something could be done. If you must know, my current rate is now 8.875%, VA loans go to 6.0% without PMI and funding costs of 2.15%. A major difference per month! Now you will answer my simple question or not, you know the answer? Your profile says you are a subscriber VA and whether someone would you be sure if your credentials are valid …


  1. Reply
    May 16, 2011 at 3:02 am

    There are not caps on how much you make but the loan will be based on net income, not gross income as in other loans. There is a cap on the amount you can borrow. I would not know the lending limits in California, but a local lender would know.

    I don’t have my references in front of me and I don’t do as many VA loans as other types of loans, but I believe you can refi from a non VA to a VA. I know there is a limit on the loan to value if you are taking cash out of the home. VA just has a lot of rules and I can’t remember them all off the top of my head.

  2. Reply
    saeed q
    May 16, 2011 at 3:37 am

    Straight from the book:

    VA offers two types of refinance loans, the Interest Rate Reduction Refinance Loan (IRRRL) and the Cash Out.

    A veteran who obtained a VA guaranteed loan may refinance it with another VA guaranteed loan at a lesser interest rate without using additional entitlement.

    Note: IRRRLs can only be used to refinance existing VA guaranteed loans.

  3. Reply
    Mary B
    May 16, 2011 at 3:51 am

    Unless you have a variable interest rate loan, I don’t see why you would want to go to the trouble, because it would only cost you money.

    You still have to pay a 2% VA funding fee, which is paid in lieu of PMI.

  4. Reply
    May 16, 2011 at 4:51 am

    Short answer – “No.”

    Long answer – “No. You cannot.”

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