Cash-Out Refinance

Replace your mortgage with a larger one and receive the difference in cash. Access your Florida home equity for any purpose.

80-100%

Max LTV

Unlimited

Cash

Any

Uses

Written by Renzo Johnson, Licensed MLO · NMLS #PENDING · Last updated: February 2026

Key Features

  • Replace existing mortgage with larger loan
  • Receive difference as cash at closing
  • Conventional: up to 80% LTV
  • FHA: up to 80% LTV
  • VA: up to 100% LTV (veterans only)
  • Use funds for any purpose: improvements, debt, investment, education

Who Is This For?

  • Homeowners who want to access equity for home improvements
  • Debt consolidation (replace high-interest debt with mortgage rate)
  • Funding a child’s education or major life expense
  • Real estate investors using equity for next property’s down payment

Florida-Specific Considerations

  • Florida home appreciation has created significant equity for many homeowners
  • VA cash-out at 100% LTV — unmatched by any other program
  • Florida doc stamp tax applies to full new loan amount
  • Intangible tax applies to new money only

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