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Are there lenders that will do 90-95% cash-out refinance?

In a 15 year fixed and I looking to cash out refinance into a 30 year fixed with some cash back to pay off other debt. I owe $130k and the home is worth around $180k. Are there any lenders that will go to 90-95% on a cash out refi? by ravij566 from Chattanooga, Tennessee. May 19th 2017 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,874 contributions

There is only one conforming loan that will allow you to cash out higher than 85%.. its VA but you must have VA eligibility to qualify.. Other than that, the max will be 85% for FHA, and 80% for conventional. Others might suggest you find a private lender or a portfolio lender,... typically they will do loans that conforming loan products don't allow, but doing a higher LTV is not one of them.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

May 19th 2017
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,483 contributions

None of your standard home refinance loans go to 90 or 95% (FHA, conventional, etc). The only one that does is a VA loan, which will go to 100%. You can usually find a home equity loan to 90%, and if good credit, you can fine a HELOC to 95% too

May 22nd 2017
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