💵 Take Cash Out of Your Home

“Use the equity in your home to invest, renovate, consolidate debt, or create new opportunities.”

📘 What Is a Cash-Out Refinance?

A cash-out refinance allows you to replace your current mortgage with a new one — while pulling out a portion of your home equity as cash. It’s a powerful tool for homeowners who’ve built equity and want to put it to work.

Unlike a standard refinance, cash-out loans increase your loan balance in exchange for a lump-sum payout at closing.

💰 Why Consider a Cash-Out Refi?

  • 💳 Consolidate high-interest debt

  • 🏡 Renovate or improve your home

  • 🏫 Cover education or medical expenses

  • 🏠 Fund an investment property or business

  • 📉 Roll multiple loans into one payment

🧾 Who Qualifies?

  • You typically need 15–20% equity remaining after cashing out

  • Credit score requirements vary by loan type (often 620+)

  • Proof of income and assets is required unless using a non-QM loan

 

🔍 Compare Cash-Out Loan Types

 

✅ Conventional Cash-Out Refinance

  • Up to 80% of your home value

  • Best for borrowers with solid credit and income

✅ FHA Cash-Out Refinance

  • Up to 80% loan-to-value

  • More lenient on credit and income

  • Popular for credit-challenged borrowers

✅ VA Cash-Out Refinance

  • Up to 100% of home value

  • Available to eligible veterans and military borrowers

  • May offer lower rates and flexible guidelines

✅ Home Equity Loan (HELOAN)

  • Fixed lump-sum second mortgage

  • Does not affect your first mortgage

  • Ideal if your current rate is very low

✅ HELOC (Home Equity Line of Credit)

  • Revolving line of credit against home equity

  • Withdraw as needed

  • Often interest-only payments

✅ Non-QM & DSCR Cash-Out Options

  • Bank statement, DSCR, and asset-based programs

  • No income or tax returns required

  • Great for self-employed and investor cash-outs

🧠 FAQs

How much cash can I take out?
Up to 80% of your home’s appraised value on most loans. VA may allow up to 100%.

Do I need to use the cash for a specific purpose?
No. It’s yours to use how you see fit — pay debt, invest, remodel, or save.

Will it increase my mortgage payment?
It might — depending on the loan amount and rate. We’ll help you model the options.

🔗 Related Loan Pages

Program Learn More
[FHA Cash-Out] Great for high debt or credit challenges
[VA Cash-Out] Up to 100% LTV for eligible veterans
[Conventional Cash-Out] Solid equity access for qualified borrowers
[Home Equity Loan / HELOC] Second mortgage options for flexibility
[DSCR / Non-QM Cash-Out] For investors and self-employed borrowers

💬 Ready to Tap Your Equity?

We’ll help you choose the right strategy and loan type — whether it’s cash for debt, upgrades, or opportunities.

🔵 [See If You Qualify for Cash-Out]
📞 [Talk to a Loan Advisor]

 

🔒 Disclosure

This content is for informational purposes only and not a commitment to lend. All loans are subject to credit, equity, property eligibility, and program guidelines. Cash-out availability and loan terms may vary. Not all applicants will qualify.

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