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Client Memo – New Requirements for VA Guaranteed or Insured Cash-Out Refinance Loans

This memo pertains to VA issued Circular 25-18-30 on December 17th summarizing the new rules for cash-out refinance loans (see link below). These requirements include new disclosures: “VA Type I Cash-Out Refinance, Fee Recoupment Certification” and “VA Type I/II Cash-Out Refinance, Net Tangible Benefit and Loan Comparison Disclosure”. Examples can be found at the link below.

Please let us know if you have any questions regarding this information.

Full Memo:

Polunsky-Beitel-Green-Client-Memo-New-Requirements-for-VA-Guaranteed-or-Insured-Cash-Out-Refinance-LoansDownload

VA Circular 26-18-30:

Circular_26_18_30Download

New VA Form Examples:

New_VA_formsDownload