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Looking for an 80% cash out refinance

I am looking for a lender who can provide an 80% cash out refinance. My son is going to college and I need the funds to support him. I've owned the property since 2008 and I was hoping to get the best deal. I see many offers at 75%, is it possible to get 80% still? by emilio776 from Miami, Florida. 14 days ago Reply


J.D. Peck (TheJDPeckLendingTeam)
#45 ranked lender in Colorado - 82 contributions

Hello! The short answer to this is, yes. For Conventional financing as well as FHA financing you can obtain a loan up to 80% Loan to Value, assuming you meet the standard qualifying requirements for Fannie Mae, Freddie Mac or FHA. For VA financing (as long as you're an eligible veteran and meet the standard qualifying requirements), you can obtain a loan up to 90% Loan to Value in general OR 100% Loan to Value as long as VA's net tangible benefit requirements are met. Many lenders do have "overlays" to the master servicer/insuring agency guidelines, so it's important to make sure that the lender you're speaking with has no overlays that would limit you.https://linktr.ee/thejdpecklendingteam

13 days ago
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Dave Skow (daveskow)
#16 ranked lender in Washington - 372 contributions

yes - 80% cash out on primary residence should be possible - feel free to contact me if you would like a referral to a colleague in FLA .....also - have you considered using a HELOC for the funds needed ? this may make more sense if you have low rate on your present mortgage ...here are my contact points Dave SKow 206 714 9745 dave.skow@movement.com

13 days ago
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