Can I refinance an investment property?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. You can refinance a rental for a lower rate or to pull cash out, though investment refinances require more equity — usually 25% to 30% — and carry slightly higher rates than primary homes.
A DSCR refinance qualifies on the property's rent instead of your personal income, which is ideal for investors with several properties. We'll choose the structure that frees up capital while keeping the payment workable.
Yes, with tighter terms
Yes, you can refinance an investment property, both for a better rate and to pull cash out. Terms are a bit stricter than for a primary home, with higher rates and lower cash-out limits.
Lenders usually let you cash out up to 70% to 75% of an investment property's value.
Using rental income
The property's rental income can help you qualify, and a DSCR refinance can qualify on the rent alone without your personal income. That helps investors scale.
We refinance rentals across Florida. Apply now and we will find the best terms for your investment property.