Can a veteran using a VA loan actually get cash back at closing? Yes, but it’s important to understand how and why. First of all, it’s actually when the VA loan gets funded (usually later in the day) that the veteran is then cut a check for the amount of cash he or she is getting back. This happens on more than 50% of our VA loans. This is possible because VA loans allow the seller to pay all of the buyer’s closing costs, prepaid expenses, and escrows, as long as the subject property appraises for the ...