Easiest Way to Refinance OUT OF a VA loan

[Joe Crupi]

Facts:

- former primary residence in TX now being used as rental while working overseas

- ARV @ $250k

- VA mortgage - @$63k

- self employed

I want to get back my full VA eligibility back. Unfortunately paying off the mortgage doesn't do that, hence looking to do something else.

Banks wont seem to do a ELOC in TX

Refinance quote with Navy Federal ended me up with over $2k in various fees. This seems like too much to pay for the purpose of what Im trying to do.

Id also be willing to do cash-out refi at max ltv, but not sure many will do that either on investment property in TX and me being self employed.

Any ideas on how to get this thing refinanced in any way so that I can get full VA eligibility back?

Thanks!