VA's two cash-out refinance types and the protections each one carries
VA circular and statute
Classification
Type One / Type Two is built on VA Circular 26-18-30, 38 U.S.C. 3709 and VA's cash-out, IRRRL and funding fee pages. It is not a government website.
Last reviewed against the primary sources listed below.
Primary text
The circular contains the definitions; the statute contains the seasoning and recoupment standards.