Zillow Advice: Mortgage - I have a VA loan (7%) and a heloc. Can a VA streamline refi be done which incorporate both loans? http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ Zillow Advice | Zillow Real Estate Actually James it does not ... http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ Actually James it does not matter whether or not the second was purchase money as VA <a href="http://www.zillow.com/mortgage/">loans</a> can go to 100% cash out.&nbsp; Kinda figured a CMPS would know that.<br/><br/><br/>What the house will appraise for will likely be what you need to figure out first ruff, then find a good broker in your area that does VA loans--Good Luck Wed, 28 Jan 2009 18:54:00 GMT http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ 2009-01-28T18:54:00Z Ruff11,As Nic alluded to ... http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ Ruff11,<br/><br/>As Nic alluded to in his answer, you will not qualify for a streamline refinance if you choose to consolidate both your VA guaranteed <a href="http://www.zillow.com/mortgage/">loan</a> and the HELOC. However, you may qualify to streamline your VA guaranteed loan while subordinating your HELOC.<br/><br/>In regards to consolidating both your <a href="http://www.zillow.com/mortgage/">loans</a>, be cautious since the HELOC was not used as purchase money.<br/><br/>Please contact a local Certified <a href="http://www.zillow.com/mortgage/">Mortgage</a> Planning Specialist (CMPS) to assess your overall financial needs in order to way your options on what kind of refinance transaction would be good for you.<br/> Wed, 28 Jan 2009 16:57:00 GMT http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ 2009-01-28T16:57:00Z Yes you can consolodate both ... http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ Yes you can consolodate both <a href="http://www.zillow.com/mortgage/">loans</a> into one up to 100% of value.&nbsp; Won't be a streamline though. Wed, 28 Jan 2009 16:51:00 GMT http://www.zillow.com/advice-thread/I-have-a-VA-loan-7-and-a-heloc-Can-a-VA-streamline-refi-be-done-which-incorporate-both-loans/193339/ 2009-01-28T16:51:00Z