VA Cash Out Refinance Loan | NewDay USA
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Turn Your Equity into Cash with NewDay 100 VA Cash Out Loan

Veterans Receive an Average of $50,000 in Cash Out*

NewDay 100 VA Cash Out Loan

Whether you want to renovate your home, consolidate debt§ ,or put money in the bank, our NewDay 100 VA Cash Out loan can help. Get the cash you need while home values are at an all time high and rates are near record lows.
• Borrow up to 100% of your
  home's value
• Turn your home equity into
  $50,000 or more*
• Upgrade your home • Money for retirement
• Lower your monthly payments • Security of cash in the bank
• Borrow up to 100% of your home's value
• Turn your home equity into $50,000 or more*
• Lower your monthly payments
• Upgrade your home
• Money for retirement
• Security of cash in the bank
* NewDay 100 Veterans take out an average of $53,575 in loan proceeds.
§ Consolidating debts may increase repayment time and total finance charges may be higher over the life of the loan.
Turn Your Equity into Cash with NewDay 100 VA Cash Out Loan
Veterans Receive an Average of $50,000 in Cash Out*
NewDay 100 VA Cash Out Loan
Whether you want to renovate your home, consolidate debt§ ,or put money in the bank, our NewDay 100 VA Cash Out loan can help. Get the cash you need while home values are at an all time high and rates are near record lows.
• Borrow up to 100% of your
  home's value
• Turn your home equity into
  $50,000 or more*
• Upgrade your home • Money for retirement
• Lower your monthly payments • Security of cash in the bank
• Borrow up to 100% of your home's value
• Turn your home equity into $50,000 or more*
• Lower your monthly payments
• Upgrade your home
• Money for retirement
• Security of cash in the bank
* NewDay 100 Veterans take out an average of $53,575 in loan proceeds.
§ Consolidating debts may increase repayment time and total finance charges may be higher over the life of the loan.
Do you qualify for NewDay 100 VA Cash Out?

If you have a home loan and positive equity, you may be eligible for the NewDay 100 VA Cashout Loan.

 

  • Active duty service member
  • Veteran with honorable discharge
  • Reservist/National Guard with honorable discharge and sufficient time served
  • Surviving spouse of an eligible deceased Veteran
  • Spouse of a MIA/POW service member

 

Do you qualify for RefiPLUS?
Eligibility RefiPlus

How much can you get?

Our Cash Out calculator makes it easy for you to estimate your available cash out and monthly mortgage payment of principal and interest. Learn if refinancing your mortgage is right for you by adjusting for your homes value, outstanding mortgage balance, loan terms, and interest rates. For an actual quote, call NewDay USA today.
Enter your current home value on the home you will like to refinance.
Enter the outstanding mortgage balance on the home you will like to refinance.
Your loan term can affect your interest rate and monthly payments. Choose from 30-year fixed or 15-year fixed.
Your actual rate will vary based on factors like credit score and down payment.
You will get
$50,000
Term
VA 30 year fixed

Rate
2.99%

Monthly Payment*
$1,474
*Monthly payments only include principal and interest and are not an offer to lend. Tax, insurance, and other fees will apply.

How much can you get?

Our Cash Out calculator makes it easy for you to estimate your available cash out and monthly mortgage payment of principal and interest. Learn if refinancing your mortgage is right for you by adjusting for your homes value, outstanding mortgage balance, loan terms, and interest rates. For an actual quote, call NewDay USA today.
Enter your current home value on the home you will like to refinance.
Enter the outstanding mortgage balance on the home you will like to refinance.
Your loan term can affect your interest rate and monthly payments. Choose from 30-year fixed or 15-year fixed.
Your actual rate will vary based on factors like credit score and down payment.
You will get
$50,000
Term
VA 30 year fixed

Rate
2.99%

Monthly Payment*
$1,474
*Monthly payments only include principal and interest and are not an offer to lend. Tax, insurance, and other fees will apply.

Take the next step to get cash in your hands

speak-icon
1. Speak to a Veteran Loan Expert
Call a loan specialist at (800) 405-4187 who will guide you through applying.
submit icon
2. Submit Documentation
Recent home records, retirement, and eligibility documents.
processing-icon
3. Processing & Underwriting
Our team will get your loan approved and set your closing date.
house-close-icon
4. Get Cleared to Close
We send a closing agent to you who helps finalize your loan.

Take the next step to get cash in your hands

speak-icon
1. Speak to a Veteran Loan Expert
Call a loan specialist at (800) 405-4187 who will guide you through applying.
submit icon
2. Submit Documentation
Recent home records, retirement, and eligibility documents.
processing-icon
3. Processing & Underwriting
Our team will get your loan approved and set your closing date.
house-close-icon
4. Get Cleared to Close
We send a closing agent to you who helps finalize your loan.
Frequently asked questions
You may still be able to turn a non-VA loan into a VA-backed loan. Find out if you’re eligible.
Yes, you will need a new appraisal to get a NewDay 100 VA Cash Out loan. To make it easier for veterans we will pay upfront for the appraisal and there will be no out of pocket cost to apply. All costs and fees can be financed into the loan.
At NewDay there is no out of pocket expense required to close your loan. We will pay up front for the appraisal and inspection fees. All costs and fees, including the appraisal fee, can be financed into the loan.
Call one of our Veteran Loan Experts now and we’ll see how low we can go for you.
VA Streamline Refi  More options to consider
More options to consider
Don’t need cash, but would love to save money on your monthly mortgage payment?
Consider the VA Streamline Refinance
Don’t need cash, but would love to save money on your monthly mortgage payment?
Consider the VA Streamline Refinance

Build a better life.

At NewDay USA, we honor your service and sacrifice and want you and your family to access all the benefits you deserve. Let us help you build a better life.

Build a better life.

At NewDay USA, we honor your service and sacrifice and want you and your family to access all the benefits you deserve. Let us help you build a better life.