VA – Well Testing: Does VA require a well test on a cash-out refinance where the present loan is VA and the new loan is VA?

Answer: Yes. Each time a property is going to have a new VA loan placed on it (with the exception of an IRRRL) a water test must be performed to ensure that the property meets VA requirements. VA does not provide an exception for cash out refinances when there is an existing VA loan on […]

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