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

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

NewDay RefiPLUS

Whether you want money for security today, want to renovate your home, or just put money in the bank, a VA cash out refinance loan can help. Lock in at a lower interest rate while you still can and get the cash you need.
• Money for today    • Save for retirement
• Lower your monthly payments • Rates are near historic lows   
• Take out an average of $50,000 or more   
• Money for today
• Save for retirement
• Lower your monthly payments
• Rates are near historic lows
• Take out an average of $50,000 or more
* RefiPlus Veterans take out an average of $53,812 in loan proceeds.
Turn Your Equity into Cash with RefiPLUS
Veterans Receive an Average of $50,000 in Cash Out*
NewDay RefiPLUS
Whether you want money for security today, want to renovate your home, or just put money in the bank, a VA cash out refinance loan can help. Lock in at a lower interest rate while you still can and get the cash you need.
• Money for today    • Save for retirement
• Lower your monthly payments • Rates are near historic lows   
• Take out an average of $50,000 or more   
• Money for today
• Save for retirement
• Lower your monthly payments
• Rates are near historic lows
• Take out an average of $50,000 or more
* RefiPlus Veterans take out an average of $53,812 in loan proceeds.
Do you qualify for RefiPLUS?
If you have a current VA Loan in good standing and positive equity, you may be eligible for the RefiPLUS 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 save?

Estimating your monthly mortgage payment of principal and interest is easy with our Refinance Calculator. Learn if refinancing your mortgage is right for you by adjusting for outstanding mortgage balance, loan terms, and interest rates. For an actual quote, call NewDay USA today.
You will get
$250,000
Term
VA 30 year fixed

Rate
2.99%

Monthly Payment*
$1,474

How much can you save?

Estimating your monthly mortgage payment of principal and interest is easy with our Refinance Calculator. Learn if refinancing your mortgage is right for you by adjusting for outstanding mortgage balance, loan terms, and interest rates. For an actual quote, call NewDay USA today.
You will get
$250,000
Term
VA 30 year fixed

Rate
2.99%

Monthly Payment*
$1,474

Take the next step to refinance and get cash in your hands

speak-icon
1. Speak to a Veteran Loan Expert
Call a loan specialist at (855) 661-1644 who will guide you through applying.
submit icon
2. Submit Documentation
DD-214, recent income records, retirement awards and other materials.
processing-icon
3. Processing & Underwriting
Our team will verify your information and underwrite your loan.
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 refinance and get cash in your hands

speak-icon
1. Speak to a Veteran Loan Expert
Call a loan specialist at (855) 661-1644 who will guide you through applying.
submit icon
2. Submit Documentation
DD-214, recent income records, retirement awards and other materials.
processing-icon
3. Processing & Underwriting
Our team will verify your information and underwrite your loan.
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 RefiPLUS cash VA loan. You'll need to prove you have enough equity in your home to cover the amount of cash you want.
Although there is no down payment, or monthly private mortgage insurance required, you may be required to pay a VA funding fee at the closing. But we can work with you to roll any costs into your mortgage.
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 Refi.
Don’t need cash, but would love to save money on your monthly mortgage payment? Consider the VA Streamline Refi.

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.