Overview

As a Veteran, you deserve the security of knowing there’s money in the bank. The NewDay 100 VA Loan lets you refinance your mortgage, consolidate your high rate credit card debt*, get cash, and lower your payments an average of $600 a month. You gave 100% to our country. We are honored to give 100% to you.

Quick Facts

  • NewDay has been granted automatic authority by the VA
  • Average customer takes out $54,000
  • No out-of-pocket costs for a Veteran
  • Only 1 in 10 veterans use their VA Home Loan Benefit

Benefits of Cash Out Refinance

Veterans enjoy the flexibility that comes along with tapping into their home’s equity for cash. You can use the money for anything, from paying off debts* or college tuition to making home improvements or planning for retirement. A VA Cash Out Refinance lifts the weight from your shoulders.

  • Borrow up to 100% of your home’s value, including the mortgage balance—not just 80% like other loans.
  • Consolidate high-rate credit cards into one low monthly payment.*
  • Get cash in as little as 30 days when you need it most.**

Eligibility Basics

Review our VA Loan Eligibility Overview to learn if your Veteran status and property type qualify, as well as, what documents may be required during the loan approval process.

Step-by-Step Process

Get Step-by-Step Cash Out Guidance on how to get the cash you need, when you need it.

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Want to Learn More?

Visit the Resources page for additional info on VA loans, articles and comparison tools. It’s your go-to education hub for making informed financial decisions.

 

*Consolidating debts may increase repayment time and total finance charges may be higher over the life of the loan.
**69.5% of loans are funded 30 days or less from receipt of appraisal.