VA Eligibility Restoration - Deed Property to Entity?

[Brendan M.]

The VA guarantee has been an amazing resource to me so far, mostly due to being able to enter small multifamily deals with low and no money down. However, I'm at the point where I've exhausted my VA eligibility and I'm investigating strategies to restore it.

According to the official VA website (www.benefits.va.gov):

I am considering refinancing the loan and deeding it to an LLC. If I were to do that, I assume on paper the property would be considered "sold" and the loan "paid in full" - does anyone have any experience with this? Or is there some sort of an at-arms-length requirement to the transaction that this would violate? Any military or mortgage brokers with experience restoring VA eligibility would be extremely helpful. Also willing to consider other possible strategies here.

[Chris Mason]

@Brendan M. - you're over-thinking there, Airman. :) 

All you have to do is refinance the VA loan(s).

Refinancing a mortgage, any mortgage, automatically involves paying the old loan off in full. Once you refi out of VA into conventional, the little VA Cert of Eligibility software is just going to go "does this SSN have any VA loans? y/n" and the answer at that point will be "n" because you refinanced out of it.