Cash-Out Refinance
Across 45 States

Mortgage One Funding specializes in cash-out refinancing. We help homeowners convert their equity into cash — for debt payoff, renovations, tuition, or anything else that matters. Fast closings. Competitive rates. We get deals done.

Check Your Equity Now

What Is a Cash-Out Refinance?

A cash-out refinance replaces your existing mortgage with a new loan at a higher balance. The difference between the two amounts comes to you in cash at closing. You keep one monthly payment — and the rate on that cash is almost always lower than a credit card, personal loan, or HELOC.

Mortgage One Funding has been closing cash-out refinances across the country for years. If you've owned your home since 2020, there's a good chance you're sitting on more usable equity than you realize. We'll tell you exactly what you qualify for — no credit pull, no commitment.

How It Works

1. Check Your Equity

Answer a few quick questions about your home and current mortgage. No SSN required, no credit pull.

2. See Your Options

We'll show you exactly how much cash you can access and what your new rate and payment would look like.

3. Close Fast

Mortgage One Funding is known for fast closings. When other lenders get stuck, we know how to get a deal done.

Mortgage One Funding NMLS #1457759. Licensed to originate mortgage loans. Not all applicants will qualify. Loan approval is subject to underwriting guidelines, credit, income, and property eligibility. Rates and terms subject to change without notice. Equal Housing Lender.

Cash-Out Refinance FAQ

Common questions from homeowners exploring their equity options.

What is a cash-out refinance?

A cash-out refinance replaces your existing mortgage with a new loan at a higher balance. The difference between the two is paid to you in cash at closing. You keep one monthly payment — typically at a lower interest rate than credit cards, personal loans, or a HELOC.

How much equity do I need to qualify?

For conventional loans, you need at least 20% equity remaining after the cash-out — meaning you can borrow up to 80% of your home's current appraised value. Eligible veterans using a VA loan can access up to 100% LTV. FHA cash-out is available up to 80% LTV with a minimum credit score of 500.

What credit score do I need?

Mortgage One Funding works with FICO scores as low as 500 — lower than most lenders will consider. Conventional cash-out typically requires 620. FHA cash-out goes down to 500. Better rates and terms are available around 700 and above.

How long does a cash-out refinance take?

The national average is 30 to 45 days. Many of our clients close in as few as 14 days. Every loan is different, but our team drives the process from application to close so you are not chasing anyone for updates.

What can I use the money for?

There are no restrictions. Homeowners commonly use cash-out funds to pay off high-interest credit card debt, fund home renovations, cover education costs, consolidate multiple loans into one payment, or build a cash reserve. The most common use we see is debt consolidation — rolling 20%+ credit card debt into a single mortgage payment at a fraction of the rate.

Is a cash-out refinance better than a HELOC?

For large, one-time needs — debt payoff, a major renovation, tuition — a cash-out refinance is usually the cleaner option. You get a fixed rate, a fixed monthly payment, and a lump sum at closing. A HELOC is a revolving credit line at a variable rate, which works better for staged spending over time. As of mid-2026, HELOC and cash-out refi rates are nearly identical, which makes the fixed certainty of a cash-out refi more attractive than it has been in recent years.

What states does Mortgage One Funding offer cash-out refinance?

We are licensed to originate cash-out refinance loans in 44 states plus Washington D.C. — AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MT, NE, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, VT, VA, WA, WV, WI, and WY. Select your state above to see local loan limits, market data, and program details.

Does Mortgage One Funding charge teaser rates?

No. We do not advertise rates designed to get you in the door and disappoint you at the Loan Estimate. You will see real numbers — actual rate, estimated payment, and estimated cash out — before you commit to anything. That is not a policy we debate internally. It is how we operate.