DBA For James B. Nutter & Company NMLS 2067

VA Cash Back Refinance

Do you need extra cash for a home renovation project or a large purchase, or perhaps to pay for a child’s tuition? Do you dream of getting a fresh start and getting rid of those high interest rate credit cards? For years, the U.S. Department of Veterans Affairs has enabled Veterans and active soldiers like you to access the equity in their home by using a VA Cash Back Refinance to get the cash you need. As you’ll see, a VA Cash Back Refinance is a much more efficient and safer financial strategy than taking out a risky home equity loan.

Advantages of a Nutter VA Cash Back Refinance™

  • Get the cash you need for whatever you want
  • Perfect for home renovations, large purchases, debt consolidation, or paying off a 2nd mortgage
  • Borrow up to 100% of your home’s value*
  • Much safer than a home equity loan

VA Cash Back Refinance Requirements

It’s hard to believe, but Nutter Home Loans has been making VA Home Loans since 1951. Our founder, James B. Nutter, Sr., was a U.S. Army Veteran and started our mortgage company in order to help Veterans buy homes after World War II. For over 65 years, Nutter has helped thousands of Veterans like you refinance their VA Home Loans. We’re VA Home Loan experts and we’ll help you every step of the way.

Eligible Veterans and active duty military personnel can apply their VA eligibility towards a VA Cash Back Refinance. Nutter will obtain an appraisal of your home in order to determine the amount of cash you can get, and applicants will need to meet standard VA credit, debt, and income guidelines. Only owner-occupied properties are eligible.

At some point, we’ll need your DD214 separation document so that we can verify your VA eligibility, but if you can’t find your DD214, don’t worry. You can also call us at 1-800-875-7334 and we’ll show you how to get the necessary paperwork.

Friends don’t let friends get home equity loans – a Nutter VA Cash Back Refinance is the smart strategy

Almost all banks offer some sort of home equity loan as a way for their customers to get extra cash. Many of these loans come with a line of credit feature. But beware - home equity loans are loaded with risk and may come with a lot of strings attached.

Most home equity loans have adjustable rates, which can really be a problem when interest rates go up. Plus, in many cases, the monthly payment in the early years of the loan only pays for the interest owed on the loan (i.e., “interest-only”). When your home equity loan eventually resets and your payments include the principal portion of the loan as well as the interest, your monthly payment may jump sharply. And who wants to make two mortgage payments each month when you can make just one low payment with a Nutter VA Cash Back Refinance?

By comparison, with a VA Cash Back Refinance, you get the cash you need and you only have to make one low, monthly payment. You’ll also get a fixed rate as opposed to an adjustable rate. More importantly, your VA monthly payment will almost always be lower than the combined amount of two mortgage payments. View our current VA mortgage rates.

Beware of greedy VA Lenders – Choose Nutter

Recently, some greedy VA lenders have been aggressively marketing VA Home Loan programs to Veterans, and charging them higher interest rates and excessive closing costs. Perhaps you’ve seen their advertising on TV? At Nutter, we don’t believe in treating Veterans and active duty soldiers who’ve made the ultimate sacrifice that way. It’s one of the reasons that Nutter never engaged in subprime lending - we believe in doing the right thing for our customers, especially our Veterans. We offer great VA Home Loan rates and we pride ourselves on not charging any hidden fees.

Additional Resources:

*Not a commitment to lend. Loans available to qualified borrowers. Loan subject to all VA eligibility and underwriting requirements. Some states require applicants to meet additional credit, debt and income requirements. Contact one of our non-commissioned Loan Officers to find out what the requirements are in your state.

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