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I need a cash-out refinance on investment property without a primary residence.

I need a cash-out refinance on investment property without a primary residence. I satisfy the other requirements but Fannie Mae requires that I have a primary residence. I am married and have a primary residence but my name is not on the mortgage and I don't want my husband on my refinance as his credit isn't very good.Any lenders out there that will do this?Thank you! by mrice999 from Santa Fe, New Mexico. Apr 29th 2011 Reply


Gregorio Denny (GVDenny)
#255 ranked lender in California - 380 contributions

Anyone should be able to accomplish this for you if you have the required equity and financial profile.

Apr 29th 2011
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James Sharp (james.sharp)
#37 ranked lender in Colorado - 7 contributions

Your max cash out loan-to-value will be between 70% and 75% depending on the property type. Credit score and reserves will also play a big part in the underwriting decision. As far as the primary residence is concerned I have never heard of this guideline. Have you completed an application? What state is the subjecty property in? I can connect you with a licensed loan officer that can walk you through the process if you are interested. I can be contacted at james.sharp@supremelending.com if you are interested.

Apr 29th 2011
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Chris Gummerson (cgummerson11)
#394 ranked lender in California - 648 contributions

Who ever said that you cannot refi on your investment without having a primary residence is mistaken. If you are on title, then you are the owner of the primary. Either way, you are entitled to refi if your credit, income and property qualify

Apr 29th 2011
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

Chris is right. Your primary residence shouldnt be an issue.

Apr 29th 2011
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Tim Williams (newconsumercredit)
#389 ranked lender in California - 1 contribution

Hello,You can get some cash out on the conventional side with us and worse case hard money you can reach me at 916 768 1906

Apr 29th 2011
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