Getting your paperwork ready for a VA cash-out refinance
Step 3: the VA appraisal
Prep note
A VA cash-out refinance needs a VA appraisal, which estimates value and checks the home against VA's minimum property requirements for safety, soundness and sanitation. The value sets how much cash is possible. Fix obvious safety issues, make every area accessible and keep a list of improvements for the appraiser.
Last reviewed against the primary sources listed below.
Before the visit
- Working utilities and heat.
- Access to attic, crawl space and mechanicals.
- No peeling paint on older homes.
- A list of upgrades with dates.
Prep questions
Can I dispute a low VA appraisal?
VA has a reconsideration of value process your lender can start if you have better comparable sales.