Having trouble getting a cash out refi

[Tashina Taylor]

So we seem to be running into the same road block. We have a house that we bought cash and own outright. We wanted to do a cash out refi, but every bank keeps saying no due to the fact that we don't have any other income. We ask what about when we have it rented? They have consistently said we need two years' rental income history in order for it to qualify as income.

We've tried every single bank in and out of the area with no luck. There are not any HMLs for rural areas that I could find.

Does anyone have any other creative ideas as to what to do?