Cash-Out Refinance options are available under the FHA, VA and conventional loan programs.
Conventional
Conventional loans will typically limit the amount of “cash-out” to 80% of your property value based on a qualifying appraisal.
FHA
FHA offers a cashout refinance up to 85% of your properties value based on a qualifying appraisal.
VA
VA also offers a cash-out refinance, allowing qualifying military members to finance up to 100% of their property value. This VA guaranteed loan option allows you to payoff any type of mortgage including VA, FHA, Conventional, second mortgages and Home Equity Lines of Credit. It can also be used to pay off tax liens, judgments or other types of debt. An appraisal is required and you must qualify based on income and credit.
To apply for a cash-out refinance or to find out more about whether you qualify, call one of our Home Loan Specialists at (208) 388-0500 or get started online.
