An FHA Cash-Out Refinance. The Equity Is Already Yours.
Refinance and take cash from the equity you have built, with the flexible credit approach FHA is known for.*
Turn equity into something useful.
The credit bar sits lower here than most cash out programs, and the home you live in is what qualifies.
- Cash out from a 580 credit score*
- The loan you refinance does not have to be FHA
- Owner occupied homes only
- One to four units and FHA approved condominiums
- Mortgage insurance applies on FHA financing
- Not available on a property in Texas*
- Cash out to 80% of your home’s value*
- Cash out is not available in Texas*
Cash out refinancing starting at a 580 credit score*
Refinance and take cash from your equity
Owner occupied homes only
One to four unit properties, condominiums included
Not available in Texas*
A non occupying co borrower cannot be added on this transaction*
What is the Saxton FHA Cash-Out Refinance?
Government insured cash out refinancing on the home you live in
The Saxton FHA Cash-Out Refinance replaces your current mortgage with a larger FHA loan and returns the difference to you in cash. It works whether the loan you have today is FHA or something else.
Two things decide this one: how much equity sits in the property, and whether your credit clears the FHA threshold for cash out. Where the home is matters too, because the program does not permit cash out on a property in Texas.
The reason people reach for it is the credit bar. FHA allows cash out from a 580 credit score, which is lower than most cash out programs will consider. In exchange, mortgage insurance applies and the home has to be one you occupy.*
Why choose the Saxton FHA Cash-Out Refinance?
Built for homeowners with real equity and a credit file that is still recovering.
Credit Still Healing
Cash out from a 580 credit score. Most programs stop well above that.*
Consolidating Debt
Replace higher cost balances with one mortgage payment against the equity you already hold.
Funding A Project
Pull cash for a renovation or a repair without taking a separate loan against the house.
Coming From Any Loan
The loan you are refinancing does not have to be FHA. Conventional and other loans can be refinanced into this one.
Texas Is Excluded
This one is not available on a property in Texas. That is an FHA program restriction rather than a Saxton one.*
On Your Own Here
A non occupying co borrower cannot be added for qualifying on a cash out refinance.*
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about FHA cash out refinancing.
Cash out refinancing starts at a 580 credit score on this program. That is a lower bar than most cash out options, which is the main reason homeowners come to it.*
No. You can refinance a conventional loan, or another government loan, into an FHA cash out refinance. What matters is the property and your qualifying, not the loan you hold today.
It depends on the equity in the property and the FHA requirements that apply to your file. A licensed loan officer can work out the figure for your situation before you commit to anything.*
It is a geographic restriction in the FHA program itself. Cash out refinancing is not permitted on a property in Texas under these guidelines, so the answer would be the same at any lender using them.*
Not on this one. A non occupying co borrower may not be added for qualifying purposes on a cash out refinance. They can be added on a purchase.*
Yes. This is for a home you occupy as your principal residence. It is not available on a rental or a second home.
Yes. Mortgage insurance is part of how FHA financing works and it applies on a cash out refinance the same way it applies on a purchase.
Find out what you qualify for
If you have equity in the home you live in and a credit file that is still recovering, there is likely a Saxton FHA Cash-Out Refinance that fits. Get a fast, no obligation pre-qualification today.
Get Pre-Qualified- U.S. Department of Housing and Urban Development, FHA and housing resources
- U.S. Department of Housing and Urban Development, FHA mortgage insurance premiums
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. FHA cash out refinancing is governed by FHA guidelines, including a geographic restriction that excludes properties in Texas. Requirements vary by occupancy, credit profile and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.