Real Estate Investor Mortgage Options
Yes. A cash-out refinance may allow eligible real estate investors to access equity from a rental property while keeping the property as an investment.
The new loan replaces the existing mortgage and may provide cash proceeds at closing, subject to loan-to-value, credit, property and program requirements.
Is This Your Situation?
Investment property equity can sometimes be accessed without selling the property.
How It Works
The existing mortgage is replaced with a new investment property loan based on the borrower, property value and applicable cash-out guidelines.
The lender reviews the property value, current mortgage balance and maximum allowable loan-to-value.
Credit, assets, reserves, rental income and property details are reviewed under the selected program.
After the existing loan and closing costs are paid, eligible remaining proceeds may be provided to the borrower.
Example Scenario
Imagine an investor who owns a rental property that has appreciated and built substantial equity.
The investor wants funds for the down payment on another investment property but does not want to sell the existing rental.
A cash-out refinance may allow the investor to replace the current mortgage with a larger loan and receive eligible equity proceeds at closing.
The investor can then keep the original property while using the released capital for another investment opportunity.
Documentation
Requirements vary by program and property, but the lender may request some combination of the following:
An appraisal or other acceptable valuation may be required to establish current property value.
The existing loan balance and payoff information are used to determine available equity and proceeds.
Eligible lease or market rent documentation may be reviewed depending on the program.
Credit score, mortgage history and other obligations may affect available terms.
Bank or investment statements may be required to document reserves and overall financial strength.
Property type, occupancy, condition and intended continued investment use may affect eligibility.
Why This Happens
Rental property owners may have significant equity tied up in real estate even when they prefer to keep the property rather than sell it.
Access equity through a sale
Give up future rental income
Exit the investment
Keep the rental property
Access eligible equity
Continue owning the investment
For some investors, refinancing can provide liquidity while preserving ownership of the underlying rental asset.
Investor Options
Subject to program requirements, cash-out proceeds may be used for a variety of investment or financial goals, including:
Related Mortgage Solutions
Your investment strategy may fit more than one financing solution.
Qualify using eligible rental property cash flow instead of relying primarily on personal income.
Explore financing for duplexes, triplexes and fourplexes held as rentals.
Explore financing for eligible short-term rental properties.
Explore financing options even without a long landlord history.
Frequently Asked Questions
Potentially. Eligible investment property owners may be able to use a cash-out refinance to access part of the property’s equity, subject to program requirements.
The amount depends on the property value, current mortgage balance, maximum allowable loan-to-value and other underwriting requirements.
Some DSCR programs may allow cash-out refinances on eligible investment properties.
Depending on the program and transaction, cash-out proceeds may be used for another investment, including a down payment on another property.
No. A cash-out refinance may provide access to eligible equity while allowing you to keep the property as an investment.
Potentially. Some investor programs may allow cash-out refinancing on eligible short-term rental properties.
LoanFlight can review the property, current mortgage and your investment goals to help determine which cash-out refinance options may be available.
See What You May Qualify ForLoan programs, eligibility requirements and underwriting guidelines vary. Investor loans are subject to credit approval, property eligibility and applicable program requirements.
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