
Discover a cash-out refinance option that gives you access to more of your home’s equity without PMI
If you’re a homeowner looking to access the equity you’ve built in your home, there’s a special financing option that might be the perfect fit for you. At Achievers Mortgage, LLC, we have access to an exclusive program available to homeowners in Arizona, allowing you to take out cash against the value of your home—up to 89.99% loan-to-value (LTV). This program is ideal for those who have built up considerable equity and are seeking flexibility in how they use that cash, whether it’s for home improvements, consolidating debt, or even investing in other opportunities.
Key Features of Our 90% Cash-Out Refinance Program
High Loan-to-Value (LTV) Ratio: This program allows homeowners to take out up to 89.99% of their home’s value, which is higher than many traditional cash-out refinance programs that often cap LTV at around 80%. This gives you the ability to access more cash from your home equity.
No Mortgage Insurance: Despite allowing an LTV of up to 89.99%, this program does not require private mortgage insurance (PMI). Mortgage insurance can significantly increase monthly payments, so its absence is a major benefit to homeowners looking to maximize their cash flow after refinancing.
Flexible Credit Requirements: To qualify, you need a minimum FICO score of 680. While higher credit scores may secure even better rates, the 680 FICO minimum ensures this program is accessible to many homeowners.
Eligibility for Various Property Types: This program is available for 1-4 unit primary residences, including single-family homes, planned unit developments (PUDs), and condominiums. This flexibility makes it an attractive option for a wide range of homeowners.
Competitive Loan Limits: You can take advantage of this program with loans up to $803,500 for single-unit properties. For multi-unit homes, the loan limits align with the current conforming loan limits set by the Federal Housing Finance Agency (FHFA).
No Restrictions on Cash-Out Amount: Unlike some programs that limit the amount of cash you can receive, this one allows you to access unlimited cash-out as long as you meet the 89.99% LTV requirement.
- Quick Access to Cash: This program requires only six months of seasoning on the current mortgage. That means if you’ve owned your home and had your current mortgage for at least six months, you’re eligible to apply, making it faster to access the funds compared to other options that may require up to 12 months of ownership.