You may still be able to turn a non-VA loan into a VA-backed loan. Find out if you're eligible.
Turn Your Equity Into Cash
with the NewDay 100
VA Cash Out Loan
Veterans Receive an Average
of $81,000 Cash Out
NewDay 100 VA Cash Out Loan
We want to give every Veteran the financial power that those who served... deserve. We've been
granted automatic authority by the VA to make our own loan approval decisions. So you can:
- Borrow up to 100% of your home’s value
- Turn your equity into an average of $81,000
- Pay off high-rate credit cards and car loans*
- You can save hundreds a month, thousands a year
- Have the security of cash in the bank
- Remodel your home
Even if you’ve had credit challenges, give us a call. Those Veterans are 5x more
likely to get approved for a VA Cash Out Loan with NewDay.**
Or Call 1-800-405-4187
* Consolidating debts may increase repayment time and total finance charges may be higher over the life of the loan.
** Supported by government loan data on fully documented loans Jan ‘23-Dec ‘23, application/approval process required and not all applicants will be approved.
** Supported by government loan data on fully documented loans Jan ‘23-Dec ‘23, application/approval process required and not all applicants will be approved.
Do you qualify for NewDay 100 VA Cash Out?
If you have a home loan and positive equity, you may be eligible for the NewDay 100 VA Cash Out 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
How Much Can You Get?
Our Cash Out calculator makes it easy for you to estimate your available cash out and monthly mortgage payment
of principal and interest. Learn if refinancing your mortgage is right for you by adjusting for your home’s value,
outstanding mortgage balance, loan terms, and interest rates. For an actual quote, call NewDay USA today.
Your estimate will be shown below.
You will get
$50,000
$50,000
Term
VA 30 Year Fixed
Rate
7.49%
Monthly Payment†
$2,445
† Monthly payments only include principal and interest and are not an offer to lend. Tax, insurance, and other fees will apply.
Take the Next Step to Get Cash in Your Hands
1. Speak to a Veteran Loan Specialist
Call a loan specialist at 1-800-405-4187 who will guide you through applying.
Or, apply online HERE.
2. Submit Documentation
Recent home records, retirement, and eligibility documents.
3. Processing and Underwriting
Our team will get your loan approved and set your closing date.
4. Get Cleared to Close
We send a closing agent to you who helps finalize your loan.
Frequently Asked Questions
Yes, you will need a new appraisal to get a NewDay 100 VA Cash Out loan. To make it easier for veterans we will pay upfront for the appraisal and there will be no out of pocket cost to apply. All costs and fees can be financed into the loan.
At NewDay USA there is no out of pocket expense required to close your loan. We will pay up front for the appraisal and inspection fees. All costs and fees, including the appraisal fee, can be financed into the loan.
Call one of our Veteran Loan Experts now and we'll see how low we can go for you.
At NewDay, we look at the whole picture -- not just your credit score. And we can say "Yes" to a Veteran when other lenders say "No." Call us today and see what we can do for you.
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.