Mortgage Rates
Refinance Rates
FHA Rates
VA Rates
Jumbo Rates
Adjustable Rate Mortgage Rates
Interest Only Mortgage Rates
Non-Owner Occupied Rates
Home Equity Loan Rates
Mortgage  Question?
Can I Do Cash-Out Refinance on a Rental Property?

Can I Do Cash-Out Refinance on a Rental Property?

Harry Jensen, Trusted Mortgage Expert with 45+ Years of Experience
, Trusted Mortgage Expert with 45+ Years of Experience

It is certainly possible to do a cash-out refinance on a rental property, including if you own the property free and clear.  We provide a comprehensive overview of non-owner occupied mortgages on FREEandCLEAR as well as our INTEREST RATES function that features rates and fees for lenders that offer non-owner occupied mortgages.  The interest rates on rental property mortgages are typically 0.25% - 0.50% higher than owner-occupied mortgage rates.

Please note that with a cash-out refinance of a non-owner occupied property some lenders may apply a lower maximum loan-to-value (LTV) ratio of 60% - 70% which limits the proceeds you can take out from the property. Be sure to understand the lender's LTV ratio limit and borrower qualification requirements before moving forward with your mortgage.

« Return to Q&A Home
Current Mortgage Rates as of May 25, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
View All Lenders


Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

About the author

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. More about Harry

Harry Jensen LinkedInLinkedIn | Email Harry JensenEmail