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VA Cash-Out Refinance

Turn Your Home's Equity Into Money You Can Use

A VA cash-out refinance lets you access the value you have already built, for home improvements, debt consolidation or other financial needs.

  • Access your home's equity
  • Consolidate higher-interest debt
  • Competitive VA-backed rates
  • Guided through it safely and responsibly

Start Your Refinance Quote

Takes about a minute. No credit pull and no SSN needed for this step. It is a quote, not a commitment.

Start my refinance quote

What People Use It For

The equity is yours. What it is worth doing depends entirely on your situation, and we will talk that through honestly.

  • Home Improvements

    Fund the work the house actually needs, from a new roof to a full renovation, without a second loan at a higher rate.

  • Debt Consolidation

    Roll higher-interest balances into one payment secured against your home, which can lower what you pay each month.

  • A Financial Cushion

    Cover education, medical costs or an emergency fund using value you have already built.

  • Honest Guidance Either Way

    If taking cash out is not the right move for you, we will say so. There is no pressure to move forward.

A service member walking up the path to their home, kit bag in hand

Why Novum Home Loans?

  • VA Loan Expertise

    Work with mortgage professionals who understand VA guidelines, entitlement and military homebuyers.

  • Real People, Not a Call Center

    Get direct access to your loan team throughout the process.

  • Know Your Options Upfront

    We'll walk you through your VA financing options so you can make an informed decision.

  • Guidance Through Closing

    From your Certificate of Eligibility to appraisal and closing, you'll know what comes next

How It Works

Three steps, and the first one costs you nothing.

  1. Tell Us About the Property

    Its estimated value, what you still owe and your current rate. No credit pull and no SSN needed.

  2. See the Numbers Together

    We go through your new payment, the cash available and the costs, by phone, text or email.

  3. Decide When You Are Ready

    It is a quote, not a commitment. If it does not work for you, nothing happens.

Start my rate quote

What Our VA Borrowers Are Saying

Travis and the entire mortgage team at Novum Home Loans are incredible! They go above and beyond by hosting VA seminars for our clients, making sure they fully understand the process from start to finish. They're experienced, well-educated, and most importantly, they genuinely care. Their communication is top-notch, which is essential in a market that's constantly changing.
Natalie P.
We used Novum in 2024 to purchase a vacation home. I've used big banks and mortgage brokers in the past, and the experience with Novum was superior to all others in every way. We closed on the property within 30 days of signing the contract. Everyone involved was shocked at how efficient Novum handled the process from the start to finish.
Justin S.
Exemplary service. Our third home loan, and by far the simplest and most straightforward of the three. Outstanding communication throughout. Absolutely satisfied! Great outfit.
Dixon G.

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Answers

Questions? We’ve Got Answers.

Get the details you need to feel confident about your next step.

How much of my equity can I access?

A VA cash-out refinance can often let you borrow up to 100% of your home's value, which is more than most conventional cash-out programs allow. What you can actually take depends on your income, your credit and the appraised value, and we will go through those numbers with you before you commit to anything.

Can I use a VA cash-out refinance if my current loan is not a VA Loan?

Yes. Unlike the IRRRL, a VA cash-out refinance can be used to move a conventional, FHA or USDA loan onto a VA Loan, provided you are eligible for the VA benefit. It is one of the more common reasons people use it.

Will I need an appraisal?

Yes. Because the loan is based on your home's current value, a VA cash-out refinance requires a full appraisal. We will explain what the appraiser looks at and what it means if the value comes back differently from what you expected.

Is there a funding fee?

There is, and it can usually be financed into the loan rather than paid up front. The fee is often waived for Veterans receiving compensation for a service-connected disability. We will tell you which applies to you before you decide.

How long does it take?

Most cash-out refinances close in around 30 to 45 days. The appraisal is usually the longest single step, and we will keep you posted as it moves.

Not seeing your question? Ask us. We answer these all day, and there is no wrong question. Call (210) 794-9511

See How Much Equity You Could Access

A free, personalized refinance quote in about a minute. No credit pull, no obligation.

Start my refinance quote

Equal Housing Opportunity

Novum Home Loans LLC. NMLS #2487386.

Other limitations may apply. Novum Home Loans LLC D/B/A Novum Home Loans. NMLS #2487386. Licensed in VA (MC-8089), GA (2487386), FL, CO, MD, OK (OK MB016151), AR (2487386), TX, and CA (60DBO-210614). For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.