Getting your paperwork ready for a VA cash-out refinance
Step 4: occupancy and seasoning
Prep note
You must live in the home to get a VA cash-out refinance, unlike an IRRRL, where prior occupancy can be enough. If the loan being refinanced is VA-backed, federal law requires seasoning: the new loan generally cannot close until 210 days after the first payment on the current loan and after six monthly payments have been made.
Last reviewed against the primary sources listed below.
Check your dates
- Date of the first payment on the current loan.
- Number of monthly payments made.
- Planned closing date.
Prep questions
Can I do a VA cash-out on a rental?
No. You must occupy the home as your residence.