Many Florida homeowners have less-than-perfect credit and they try to apply to banks to refinance and get cash out of their homes, condo, or vacation home in Florida. Unfortunately, bad credit, being self-employed, income issues, employment gaps, and judgments or liens prevent them from getting a Florida cash-out refinance or home equity loan. Thousands of Florida homeowners get declined by a bank or credit union each for having made a few mistakes and less-than-perfect credit. We love these customers and we appreciate hard-working Florida homeowners who seeking to refinance but can’t get approved.
Well, homeowners with less-than-perfect credit should try to get hard or private money when they or looking to pull cash out of their homes.
Our investors are happy to work with you and provide you with the fastest, most simple cash-out refinance you have experienced. It's based on the equity in your home so there are fewer underwriting requirements and no long 40 to 50 wait times for a closing or waiting all that time and getting declined. A Florida cash-out refinance with bad credit loan is for those clients who are hardworking, very disciplined people that need a second chance and the banks will not help because of strict and rigid guidelines.
Our private and hard money investors will do a Florida cash-out refinance if you have bad credit in All of Florida, they will usually go 65 to 70 Of the value of your home, condo, land or doublewide and land and investment property. Loan terms can vary from 30-year fixed to a five-year fixed , closing times will be 14 days or less, no prepayment penalty for owner-occupied properties, loan sizes with the smallest being 30k up to 5 million for a jumbo luxury home. If you own a jumbo home in Ft. Myers, Naples, Tampa, Orlando, Hollywood, West Palm Beach and Ft. Lauderdale and you have bad credit then you should try to apply for a Florida cash out refinance loan with bad credit. Our underwriters really excel with condo and townhome cash out refinances in Florida and land loans. We will to a land cash out refinance up to 60% of the value of the home.
We hope our Florida cash-out refinance guide to getting a loan with bad credit was very helpful. Have a great and wonderful day.