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Refinance VA to conventional for investment property - How much of the property value can I refi?

Profile picture for Joshua McLeod
I owe $165K on an investment property that is appraised at $220K and would like to refinance the VA loan on this home in order to refinance my residence through a VA.  What are the best terms out there to allow me to refinance with little capital investment to a low rate of 5.5% or lower?
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April 05 2009 - Murphy
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Answers (5)

Profile picture for Georgia Loans
Sunnyview, it's a JIC post, Just In Case they are still thinking about refinancing, 27 months later.
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July 23 2011
Profile picture for sunnyview
Wasn't 2009 a great year?
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July 23 2011
Profile picture for RealtorDamon PRO

Are you thinking about a cash out refinance?  If that is the case then it would be conventional and then you could refinance your primarary into a VA.  Hope it worked out!

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July 23 2011
Profile picture for Joshua McLeod
Not trying to have 2 VAs.  Want to refinance original VA into a non-VA loan in order to refinance my residence with a VA loan.
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April 06 2009
Profile picture for petesmortgages
Are you saying you want to have 2 VA loans at the same time? One on each property. The VA on the owner occupied can be streamlined to drop the rate and payment without an appraisal. You must have lived in the investment prroperty at one time in order to have a VA loan on it.

http://www.myoconomowocmortgage.blogspot.com
http://www.mymilwaukeemortgage.com
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April 05 2009
 

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Profile picture for Clay Branch
QuestionRefinance VA to conventional for investment property - How much of the property value can I refi?
  • Latest answer by Clay Branch
  • July 23 2011
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