Why Cash Out a Rental Property?
Your rental property has probably appreciated significantly. A cash-out refinance lets you access that equity as tax-free cash — without selling the property or losing your rental income stream.
Investors commonly use cash-out proceeds to:
- Purchase additional investment properties
- Fund renovations to increase rent or resale value
- Consolidate higher-interest debt
- Build cash reserves for their portfolio
- Finance a fix-and-flip project
Cash-Out Refinance vs. HELOC: Which Is Better for Investors?
A HELOC (home equity line of credit) on an investment property is nearly impossible to get from a conventional bank. Most banks only offer HELOCs on primary residences.
A cash-out refinance replaces your existing mortgage with a new, larger loan — and you receive the difference in cash at closing. This is the standard approach for non-owner-occupied property equity access.
How Much Can You Take Out?
For investment properties, lenders typically allow up to 75% LTV (loan-to-value) on a cash-out refinance. So if your property is worth $400,000 and you owe $150,000, you could potentially access up to $150,000 in cash.
We offer asset-based cash-out programs with no income verification — qualify based on the property’s value and rental income, not your personal tax returns.
Qualifying Without W-2 Income
Traditional lenders require extensive income documentation. We don’t. Our non-QM cash-out programs qualify investors based on:
- Property value (LTV-based)
- Rental income (DSCR qualification)
- Asset depletion (for retirees and high-net-worth investors)
Credit score minimum is typically 620, though better pricing is available at 680+.
Start Your Cash-Out Refinance Today
We close cash-out refinances in as little as 10–14 business days. See our Investment Property Cash-Out program or apply now for a free quote.