Cash-Out Refinance in Florida
Turn your Florida home’s equity into cash — up to 80% of its value on a primary residence. Renovate, consolidate debt, or fund your next investment, all in one new mortgage.
- Up to 80% LTV
- Cash for any purpose
- Fixed or ARM
- Primary & investment
What is a cash-out refinance in Florida?
A Florida cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash. CambridgeHomeLoan.com lets you access up to 80% of your home’s value on a primary residence (about 75% on investment properties), with fixed or ARM options, to renovate, consolidate debt, or invest.
Florida cash-out refinance calculator
Estimate your available cash and new payment. Enter your home value, current balance, and target LTV.
Ways Florida owners use cash-out
- Renovate or improve your home
- Consolidate higher-interest debt
- Buy another investment property
- Fund a business or big expense
- Build a cash cushion / reserves
- Pay for education or a life event
Florida cash-out refinance requirements
| Max cash-out LTV | Up to 80% on a primary residence |
| Investment / 2–4 unit | Typically up to 75% LTV |
| Minimum credit | 620+ (higher LTVs want stronger credit) |
| Equity needed | Enough to stay within the LTV cap after cash-out |
| Debt-to-income | Underwritten on the new, larger payment |
| Occupancy | Primary, second home, or investment |
| Seasoning | Some programs require a minimum ownership period |
| Property types | SFR, condos, townhomes, 2–4 units |
Cash-out refinance vs. HELOC
| Feature | Cash-out refinance | HELOC |
|---|---|---|
| Structure | New first mortgage | Second loan / credit line |
| Rate type | Fixed or ARM | Often variable |
| Best for | Large, one-time cash need | Flexible, ongoing draws |
| Closing cost | Full refinance costs | Usually lower |
| Payment | One new payment | Two payments |
Cash-out refinance pros and cons
Advantages
- Turn equity into tax-efficient cash
- One new payment, often at a fixed rate
- Use funds for anything — reno, debt, investing
- Up to 80% LTV on a primary home
- Available on investment property too (up to 75%)
Considerations
- Resets your loan and closing costs apply
- A larger balance means a higher payment
- Florida insurance can raise the new payment & DTI
- You’re borrowing against your home’s equity
Florida cash-out refinance questions
What is a cash-out refinance in Florida?
How much cash can I take out?
What credit score do I need?
Can I do a cash-out refinance on an investment property?
Will my payment go up?
Cash-out refinance or HELOC?
Put your Florida equity to work
Access up to 80% of your home’s value — renovate, consolidate, or invest.
Start Your Cash-OutCambridgeHomeLoan.com · 4830 West Kennedy Blvd, Tampa, FL 33609 · NMLS #1826020 · 800-826-5077 · info@cambridgehomeloan.com. Equal Housing Lender. Cash-out refinance amounts depend on appraisal, equity, and program limits. Rates, terms, and eligibility are subject to change and to borrower and property qualification. This is not a commitment to lend.