🏠 This residential loan program is exclusively available for Texas borrowers.

← All Loan Programs💵 Cash-Out Refi

Cash-Out Refinance

Access your home equity in cash while refinancing your mortgage.

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Overview

A cash-out refinance replaces your existing mortgage with a larger loan and gives you the difference in cash. Use the proceeds for home improvements, debt consolidation, investments, or any other purpose. Available on primary residences, second homes, and investment properties.

  • Access equity without selling your home
  • Often lower rate than home equity loans or HELOCs
  • Interest may be tax-deductible (consult a tax advisor)

Loan Specifications

Min Amount

$50,000

Max Amount

Based on equity

Loan Term

15 or 30 years

Max LTV

Up to 80% (primary), 75% (investment)

Amortization

15–30 years

Rate Type

Fixed or ARM

Eligibility Criteria

  • Sufficient equity — typically must maintain 20% after cash-out
  • Minimum 620 credit score
  • Max 45% debt-to-income after new payment
  • 12-month payment history on existing mortgage preferred

Required Documents

Documents are uploaded through our encrypted secure portal, stored on Cloudflare R2 enterprise storage, and only accessible to your assigned broker via a private link. Never shared with third parties.

  • Recent mortgage statement showing balance and equity
  • 2 years tax returns
  • Last 30 days pay stubs
  • 2 months bank statements
  • Statement of how funds will be used

Frequently Asked Questions