Cash-out refinance in Florida — put your equity to work.
Access home equity with competitive rates for home improvements, debt consolidation, investment property down payments, and more.
How cash-out refinance works in Florida
You replace your current mortgage with a new loan at a higher balance. The difference between the new loan amount and your current payoff goes to you at closing.
- Home value$450,000
- Current balance$250,000
- New loan (80% LTV)$360,000
- Cash to you~$110,000
Example only — minus closing costs. Actual proceeds vary.
Cash-out programs for Florida homeowners
Conventional cash-out
Up to 80% LTV on primary residence with most investors. 620+ FICO. Owner-occupied, second home, and investment property all eligible.
FHA cash-out
Up to 80% LTV. 580+ FICO. Primary residence only. FHA MIP applies to the new loan.
VA cash-out
Up to 100% LTV for eligible veterans. No PMI. The most powerful cash-out option for Florida veterans.
Jumbo cash-out
For high-value Florida properties above conforming limits. LTV typically 70–75% with reserve requirements.
DSCR cash-out
For investment properties — qualify on rental income, not tax returns. Active in Orlando, Tampa, Jacksonville, and vacation rental markets.
Florida-specific considerations
- Florida's homestead exemption is handled at closing; non-homesteaded investment properties have no Florida-specific restrictions.
- Florida's insurance market can affect appraisal values and qualifying — we identify insurance issues during loan setup.
- Serving Tampa Bay, Orlando, Jacksonville, Miami, Fort Lauderdale, West Palm Beach, Cape Coral, Naples, Sarasota, Pensacola, and more.
Florida cash-out refinance FAQs
How much cash can I take out of my Florida home?+
Most programs allow up to 80% LTV on a primary residence. For a $450,000 home with a $250,000 balance, a cash-out at 80% LTV means a new loan of $360,000 — you'd receive roughly $110,000 in cash minus closing costs.
Can I do a VA cash-out to 100% LTV in Florida?+
Yes. VA cash-out allows up to 100% LTV for eligible veterans, and Tayton Capital offers 100% VA cash-out across Florida.
How does Florida's homestead exemption affect a cash-out refinance?+
Homestead-related documentation is handled at closing. Non-homesteaded investment properties have no Florida-specific restrictions. Homesteaded properties follow standard program guidelines.
How long does a Florida cash-out refinance take?+
Most files close in 21–35 days. Insurance verification (Citizens, private carrier, or lender-placed) can add days in coastal counties — we identify insurance issues at intake.
Get your Florida cash-out quote
15 minutes online — we'll shop your file and send a written quote within one business day.