An Investment Property Cash-Out Refinance. Turn One Rental Into The Next.
Take equity out of a property you already own, qualified on the rent it produces rather than on your personal income.*
The deposit for the next one is already in this one.
This is how portfolios grow. Equity comes out of a property that has appreciated and goes into the next purchase.
- Qualified on the rent the property produces*
- Non-owner occupied and for a business purpose only*
- One to four unit properties are eligible*
- Title may be held in an LLC or a corporation*
- Loan amounts to $2 Million, set by credit tier*
- No personal income documentation is used*
- Financing to 75% of value on a cash out refinance*
Cash out on loans to $2 Million*
Qualified on the property’s rent rather than your tax returns
Non-owner occupied and for a business purpose only*
One to four unit properties are eligible*
Title can be held in an LLC or a corporation*
Credit tiers set the maximum, and stronger credit reaches the higher amounts*
What is the Saxton Investment Cash-Out Refinance?
Equity out of a rental, qualified on the rent rather than on you
This replaces the loan on an investment property you already own with a larger one and returns the difference to you in cash. Qualifying rests on the income the property produces, measured against its payment, rather than on your personal tax returns.
Two things decide this one: how much equity the property holds, and what the rent covers against the payment. Your own tax returns are not part of the calculation.
Because it is qualified on the property, the file does not care how your own income is documented. That is what makes it work for investors whose returns are complicated, and it is why title can sit in an LLC rather than in your own name.*
Why choose the Saxton Investment Cash-Out Refinance?
Built for owners with equity in one property and a use for it somewhere else.
Funding The Next Purchase
The most common use by a distance. Equity comes out of the property that has grown and becomes the deposit on the next one.
The Rent Does The Qualifying
Personal tax returns are not the measure here. What matters is the rent the property produces against the payment it carries.*
Hold It In An Entity
Title can be vested in an LLC or a corporation rather than personally, which is how most investors prefer to hold rentals.*
Two To Four Units Count
Small multi-unit rentals are eligible, not only single family houses.*
Credit Sets The Ceiling
Stronger credit reaches the larger loan amounts. The tiers are published, so the answer for your file is knowable early.*
Business Purpose Only
This is not for a home you live in. Every loan on this program is non-owner occupied and for a business purpose.*
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about pulling equity out of a rental.
A standard cash-out is qualified on you. This one is qualified on the property, using the rent it produces measured against its payment. Your personal tax returns are not the measure.*
Not for qualifying income. Credit and assets are reviewed, and credit tiers set how large the loan can be, but personal income documentation is not what drives the decision.*
Yes. Title can be vested in a limited liability company or a corporation. The individuals behind the entity are still identified and reviewed.*
It depends on the equity in the property and on your credit tier, with the program running to two million dollars at the strongest tiers. A licensed loan officer can give you the figure for your file.*
Yes. One to four unit properties are eligible, and small multi-unit rentals are common on this program.*
No. Every loan on this program is non-owner occupied and for a business purpose. A home you live in runs through a different product entirely.*
That is your decision, and the most common answer is the deposit on the next property. Others use it for renovation on the existing one or to clear higher cost debt against the portfolio.
It comes down to the unit count. A two to four unit apartment building is treated as residential and fits this investment cash-out refinance directly. At five units and above it moves to a different program, so an apartment building cash-out is still very doable, it is just underwritten as a 5 to 8 unit property loan instead of under this one. Larger apartment buildings are commercial territory and we would look at those case by case. In every version of it the rental income, not your personal income, is what carries the file.
Find out what you qualify for
If a rental you own has grown and you have somewhere to put the equity, there is likely a Saxton Investment Cash-Out Refinance that fits. Get a fast, no obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Investor cash-out refinancing is qualified on property income rather than personal income, and maximum loan amounts are set by credit tier and coverage. All loans on this program are non-owner occupied and for a business purpose. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.