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Cash Out Refinance Rates Florida — FHA, VA, Conventional & Non-QM Options for 2026
Cash out refinance rates in Florida in 2026 start in the mid-6% range for well-qualified Conventional borrowers. You can borrow up to 80% LTV Conventional, 80% with FHA, or up to 100% with VA if you served. Credit scores start at 500 for FHA. As an independent FL-licensed broker, we shop 20-plus wholesale lenders to deliver competing offers without multiple credit pulls.
Looking for the best cash out refinance rates in Florida? We compare FHA, VA, Conventional, and Non-QM options across 20+ lenders to find your lowest rate and maximum cash.
Get My FL Cash Out Quote — Free
Get My FL Cash Out Quote — Free
80%
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80%
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100%
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Cash Out Refinance Rates Florida — 2026 Program Limits at a Glance | Mortgage-World.com
Your Answer Right Here
What Are Cash Out Refinance Rates in Florida Right Now?
Cash out refinance rates in Florida for 2026 run slightly above standard rate-and-term rates. At 740 FICO and 70% LTV, expect mid-to-upper 6% on a 30-year Conventional fixed. VA cash out is the lowest all-in option with no monthly MIP. FHA runs slightly higher when MIP is included. The CFPB cash out refinance guide covers the basics in plain language.
Your Florida cash out rate depends on credit score, LTV, loan program, property type, and which lender you use. As an independent broker working with 20-plus wholesale lenders, we submit your file to multiple lenders at once and deliver the best price available that day. Florida home values have appreciated sharply across South Florida, Orlando, and Tampa, meaning more equity is available to tap than in prior years.
What Moves the Rate
Factors That Affect Your Florida Cash Out Refinance Rate
Every Florida borrower’s rate is unique. Here is how each factor moves your number in 2026.
| Factor | Lower Rate | Higher Rate |
|---|---|---|
| Credit Score | 740 and above | Below 660 |
| Loan-to-Value (LTV) | Under 70% | Above 75% |
| Loan Program | VA (no MIP) or Conventional | FHA (MIP added to cost) |
| Property Type | Single-family primary | Condo or investment property |
| Loan Amount | Conforming (under $806,500) | Jumbo (above $806,500) |
| Lender Selection | 20+ wholesale lenders compared | Single bank or retail lender |
All FL Program Options Explained
Florida Cash Out Refinance Programs — FHA, VA, Conventional & Non-QM
Here is what each program delivers for Florida homeowners in 2026.
Government-Backed Programs
FHA Cash Out — FL
FHA cash out allows up to 80% LTV with a 500 FICO minimum — the most accessible option for Florida homeowners rebuilding credit. You must have occupied the home for 12 months. Annual MIP adds to the all-in cost, but flexible guidelines make FHA the right call for scores below 620 in Orlando, Tampa, and Miami markets.
VA Cash Out — FL
VA cash out delivers up to 100% LTV with no monthly mortgage insurance — the lowest all-in FL cash out rate for eligible veterans. Florida has one of the largest veteran populations in the country, and VA remains the most powerful equity tool available to them. The VA official cash out page covers Certificate of Eligibility rules. A one-time funding fee can be rolled into the loan.
Conventional Cash Out — FL
Conventional cash out caps at 80% LTV with no mortgage insurance and no funding fee. Best pricing above 740 FICO. Fannie Mae guidelines govern conforming Florida loans up to $806,500.
Non-QM & Specialty Programs
Bank Statement Cash Out — FL
Florida self-employed borrowers qualify using 12 or 24 months of bank deposits with no tax returns required. Popular with business owners in Miami, Fort Lauderdale, and Jacksonville. Max LTV 80%, minimum 600 FICO, rates run 0.75–1.5% above Conventional. See our Bank Statement Loans Florida page for details.
DSCR Cash Out — FL
Florida investors qualify on rental income rather than personal income. Max LTV 80%, minimum 600 FICO, no personal income documents required. Strong demand from South Florida landlords. Qualifies on actual or market rent per appraisal.
Jumbo Cash Out — FL
Applies to Florida loans above $806,500. Common in Palm Beach, Naples, and Miami Beach. LTV capped at 70–75%, minimum 660 FICO, 12 months reserves required. We access wholesale jumbo investors for competitive South Florida pricing.
Side-by-Side Comparison
Florida Cash Out Refinance Requirements by Program — 2026
Match your credit score and LTV to the right Florida cash out program.
| Loan Type | Min. Credit Score | Max LTV | Key Requirement |
|---|---|---|---|
| Conventional | 620 | 80% | Primary, second home, or investment; no PMI required at 80%; best rates above 740 FICO |
| FHA Cash Out | 500 | 80% | Primary residence only; 12 months owner-occupancy; annual MIP required |
| VA Cash Out | 500 | 100% | Eligible Florida veterans and active duty; no mortgage insurance; one-time funding fee |
| Bank Statement / Non-QM | 600 | 80% | Self-employed or non-traditional income; 12–24 months bank statements; no tax returns |
| DSCR Investment | 600 | 80% | Qualifies on rental income; no personal income docs; FL investment properties |
| Jumbo Cash Out | 660+ | 70–75% | Loans above $806,500; 6-12 months reserves required; South FL luxury and coastal markets |
Where We Lend in Florida
Where We Lend — FL Markets by Region & County
Mortgage-World.com is licensed in Florida (FL License MLB 1987) and works with 20-plus wholesale lenders statewide. Florida home values have appreciated sharply, creating strong cash out opportunities. The HUD homeownership resource center offers independent guidance if you want a second opinion before applying.
South Florida
Miami-Dade, Broward, and Palm Beach homeowners hold some of the highest property values in Florida. Jumbo cash out programs apply in Coral Gables, Boca Raton, and Palm Beach. Self-employed borrowers use bank statement cash out programs to qualify without tax returns. Condo cash out specialists are available on our wholesale panel.
Central Florida
Orange, Osceola, and Seminole County homeowners in Orlando and surrounding communities use cash out refinancing for debt consolidation and home improvements. Conventional and FHA are the most common programs. Veterans in the area benefit from VA cash out at 100% LTV with no mortgage insurance.
Tampa Bay & West Coast FL
Tampa, St. Pete, Clearwater, and Sarasota borrowers frequently tap equity through cash out refinancing. Investors rely on DSCR cash out programs, qualifying on rental income rather than personal tax returns. FHA cash out serves borrowers with scores between 500 and 620 across the Tampa Bay market.
Related Pages
Related Mortgage Programs & Resources
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Florida self-employed borrowers qualify using 12 or 24 months of deposits with no W-2 or tax return required.
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Exact FICO thresholds by program and how lender overlays affect your FL cash out options below 600.
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FHA cash out LTV limits, 12-month occupancy rules, and MIP breakdown for 2026 across all states.
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Bank statement, DSCR, and asset-based qualification programs for non-traditional borrowers.
What Clients Say
Real Reviews From Real Borrowers
★★★★★
“Chris walked me through every program option and explained exactly why the Conventional cash out made more sense than FHA for my situation. We closed in 28 days. I saved more than I expected.”
— Merideth H.
★★★★★
“Julia Luis has been very professional and has been very helpful during the process! Anyone looking for someone to assist them in their future adventures needs to have her on your side! Thank you for being there for me!!”
— Joel F.
★★★★★
“My credit score was not great but Chris found an FHA cash out program that worked. He kept me updated every step of the way. Would absolutely recommend.”
— Lydia G.
Frequently Asked Questions
Frequently Asked Questions
What are current cash out refinance rates in Florida?
As of mid-2026, Florida cash out refinance rates for well-qualified Conventional borrowers (740 FICO, 70% LTV) are in the mid-to-upper 6% range on a 30-year fixed. VA cash out rates are slightly lower with no MIP. FHA rates run slightly higher when MIP is included. Non-QM programs carry rates 0.75% to 1.5% above Conventional.
How do I qualify for the best Florida cash out refinance rate?
The three biggest rate levers are credit score, LTV, and lender selection. Borrowers above 740 FICO and below 75% LTV get the best Conventional pricing. An independent broker shopping 20-plus wholesale lenders typically beats a single retail bank. Paying down revolving balances before applying can also improve your pricing tier.
Can I do a cash out refinance in Florida with bad credit?
Yes. FHA cash out allows scores down to 500 FICO at up to 80% LTV — the most accessible option for Florida homeowners with credit challenges. Non-QM programs accept 600 to 640 FICO depending on the lender. The rate will be higher than for prime borrowers, but the program exists. Contact us to run your scenario.
Is a cash out refinance a good idea in Florida right now?
If your existing mortgage is above 7%, a cash out refi can lower your payment and deliver cash simultaneously. If below 5%, a home equity line may be a better fit. We run both scenarios so you see the numbers before deciding.
How much cash can I take out on a refinance in Florida?
The maximum depends on loan type and home value. Conventional allows 80% LTV, FHA 80%, VA 100%, and Non-QM caps at 80%. On a Florida home worth $500,000 with a $250,000 balance, a Conventional cash out at 80% LTV delivers up to $150,000 minus closing costs. South Florida luxury properties may require a jumbo cash out program.
How long does a cash out refinance take to close in Florida?
Most Florida cash out refinances close in 21 to 45 days. The appraisal is usually the longest step at 10 to 14 days. Borrowers who provide documents promptly often close in three weeks. Florida also requires a 3-business-day right of rescission on primary residences before cash is disbursed.
Tap Your Florida Home Equity Today
Share your home value, balance, and credit score. We run the numbers across 20-plus wholesale lenders and show you every FL program you qualify for — FHA, VA, Conventional, or Non-QM — no obligation.
Chris Luis — Broker/Owner, Mortgage-World.com — NMLS #1630225 — FL License MLB 1987
I have been a licensed loan officer since 2002 and helped hundreds of Florida homeowners tap their equity through cash out refinancing. Mortgage-World.com has been placing loans since 2017 as an independent Florida broker, giving every borrower access to 20-plus competing wholesale lenders rather than a single retail rate.
