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.
VA Circular 26-18-30:
New VA Form Examples: