CASH OUT REFINANCE LOAN
Welcome to Faith Lending:
Unlock Your Home's Equity with a Cash-Out Refinance Loan
At Faith Lending, we provide flexible and powerful financial solutions to help you achieve your goals. Our Cash-Out Refinance Loan allows you to access the equity you've built in your home, providing funds for home improvements, debt consolidation, or other major expenses. Let us guide you through the process with expertise and personalized support.
A Cash-Out Refinance Loan enables homeowners to refinance their existing mortgage while borrowing additional funds against their home's equity. This loan is ideal for those looking to leverage their home's value to obtain cash for various needs, offering a single loan with one monthly payment
100M+
Loans Funded
1000+
Families Served
25+
Years of Service
REQUIREMENTS FOR CASH OUT REFINANCE LOAN
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Credit Score: Minimum of 620, though higher scores may qualify for better rates and terms.
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Loan-to-Value (LTV) Ratio: Typically up to 80% of the home's appraised value.
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Income Verification: Proof of stable employment and sufficient income to cover the new mortgage payments.
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Debt-to-Income Ratio: Typically should not exceed 45%.
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Property Appraisal: An appraisal is required to determine the current market value of the home.
Book your Appointment Today!
Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
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Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
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Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
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Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
