If you are looking for an investment or primary property with a property value above the conventional loan standards, Iowa Cash Out offers Jumbo cash-out refinancing so you can still take advantage of accumulated home equity.
Just in case you are wondering if this program applies to you, here are a few useful definitions:
- What is a jumbo loan? A jumbo loan is simply any home loan for more than $510,400.
- What is a cash-out loan? Also known as a cash-out refinance, the term refers to refinancing your home and, in the process, getting some of your accrued equity back in cash. In the end, the amount you owe is increased (by the amount of equity you took out) but, with today’s interest rates, your rate is likely lowered.
So, any cash-out loan over $510,400 is classified as a jumbo cash-out refinance. While many lenders do not offer cash out jumbo loans in Iowa, Hurst Lending and Insurance’s Iowa Cash Out loan experts offer a number of Iowa jumbo cash out loan options for customers who are interested in using their accumulated home equity.
You can get a Iowa jumbo cash-out loan to help you:
- Consolidate debt
- Purchase a new car
- Buy a second home or investment property
- Start a new business
- Fund other dreams
We offer both fixed jumbo cash out mortgages and adjustable cash out jumbo loans. We also offer conventional cash out mortgages (these are loans under 453.1K in Iowa) and both fixed and adjustable rates jumbo cash out loans.
To get a quote for a cash out jumbo refinance or cash-out conventional loan, please click the button below or call us toll-free at 877-692-0563. We would love a chance to see what scenario might work the best for you.