Mr Mortgage Cash (2024)

• Home
• Instant Rate Quote
• Bill Consolidation
• Second Mortgage Cash Out
• Manufactured Cash Out
• One Minute Media
• FHA Cash Out
• Fannie Mae Cash Out
• Investment Property Cash
• Jumbo Cash Out
• Multi Unit Property Cash
• Second Home Cash Out
• VA Cash Out

Minimum Credit Score Required

Fannie Mae's Minimum Credit Score Required for Cash Out Products is a 620 Middle Score or Decision Score. Decision Score is the Middle of Three Scores or the Lower of Two Scores.

Maximum Loan To Value

Fannie Mae's Maximum Loan To Value if Cash Out is 80%. Maximum 80% if Primary Residence is a Stick Built One Unit Property. Example. If Property Appraised for 100K, Cash Out Max is 80K. Eighty Percent of Appraised Value equals 80% Loan to Value.

Occupancy Types Accepted

Fannie Mae allows Cash Out if Primary Residence, Second Home or Investment Property.

Multi Unit Properties Accepted

Fannie Mae allows Cash Out for One to Four Unit Properties. Loan to Value Reduced and Impacted if Multi Unit Primary Residence or Investment.

Self Employed is Eligible for Cash Out

Self Employed Borrowers are Accepted with No Additional Restrictions or Requirements. Standard Self Employment Income Documentation Requirements can include Two Years of Complete Tax Returns including all Schedules.

No Cash Out Maximum

Fannie Mae has No Cash Out Maximums or Limits. Maximum Loan Limits by County Apply.

Investment Property Accepted

Protecting The Cash Out Refinance Borrower

Second Homes Accepted

An Educated Borrower Will Pay Less

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