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Updated 10 months ago on . Most recent reply

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Jose Morales
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What are lenders you know of that do cash-out refinances on 100k rental properties?

Jose Morales
Posted

Hey y’all. I own a rental property appraised slightly over 100k and is completely paid off. (Owned over a year)

What lenders you know of that do cash out refinancing for rental properties appraised at this value? I search on google but all I get are articles and lenders who require higher appraised properties.


thank you

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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
  • Lender
Replied
Quote from @Jose Morales:

Hey y’all. I own a rental property appraised slightly over 100k and is completely paid off. (Owned over a year)

What lenders you know of that do cash out refinancing for rental properties appraised at this value? I search on google but all I get are articles and lenders who require higher appraised properties.


thank you


You can finance this with a DSCR loan with a minimum value of $75k. The fees will be high though.

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