Cash Out Loans in California

California’s Trusted Provider of Cash-Out and Hard Money Refinance Loans

What is a Cash-Out Refinance Loan?

Need quick access to cash? A cash-out refinance loan in California allows property owners and real estate investors to refinance existing mortgages and borrow additional cash using the equity in their property. Funds can be used to maintain properties, pay off debts, invest in real estate, and more.

Recently Funded Deals in California

We’re proud of our fast funding and transparent approval process for California borrowers. Here are a few recently funded hard money loans in California:

Santa Rosa, California Hard Money Purchase Loan
Condominium

$330,000

San Francisco, California Hard Money Refinance Loan
Condominium

$150,000

San Diego, California Hard Money Refinance Loan
Condominium

$200,000

Riverside, California Hard Money Refinance Loan
Single Family Residence

$175,000

Santa Rosa, California Hard Money Refinance Loan
Single Family Residence

$375,000

Fresno, California Hard Money Refinance Loan
Single Family Residence

$425,000

Riverside, California Hard Money Blanket Refinance Loan
Industrial Condominiums

$600,000

San Francisco, California Hard Money Refinance Loan
Single Family Residence

$850,000

San Jose, California Hard Money Refinance Loan
Single Family Residence

$1,075,000

These success stories highlight our commitment to short closing times, flexible loan terms, and a streamlined loan process—wherever you are in Southern California or the Bay Area.

Why Refinance Your California Home Now?

Over the past two years, average 30-year mortgage rates in Los Angeles, the Bay Area and San Diego hovered near all-time lows (3.0–3.5%), while home values climbed 15–25% (Zillow, 2023). With the Federal Reserve signaling further rate hikes this summer, now is prime time to lock in low financing costs via a cash-out refinance before median rates top 5%.

Homeowners across California tap equity to:

Remodel kitchens or bathrooms
Build accessory dwelling units (ADUs)
Install solar panels and energy-efficiency upgrades
Consolidate high-interest credit-card or student-loan debt
Fund college tuition or other education expenses

Real estate investors and brokers frequently pursue high-leverage refinances or hard-money cash-out loans to secure rapid funding for rental acquisitions or fix-and-flip projects. Acting now preserves the opportunity to lock in competitive fixed rates and convert rising home-equity gains into usable capital.

Why Choose a Cash-Out Refinance with Source Capital?

Source Capital is dedicated to providing fast and streamlined financing solutions tailored specifically to the unique needs of California property owners.

Traditional banks typically have lengthy approval processes, require income verifications, and rely on borrower creditworthiness. At Source Capital, we provide CA hard money refinance loans quickly without all the hurdles.

When you refinance with Source Capital, you’ll get:

Fast Funding: Cash-out refinance loans in CA are typically funded in as little as 7-10 days. We work with real estate investors every day to secure funds for investments and more.
Competitive Fixed Rates: Rates starting as low as 8.99%.
No Income Verification Required: In most cases, our refinance loans don’t require income verification like tax returns, documentation, or employment verification.
Flexible Credit Requirements: Approval is based primarily on property equity; low credit scores are not an issue.
Extensive Lending Capacity: Our cash-out refinance loan amounts range from $100,000 to $5 million.
High Loan-to-Value (LTV): Source Capital offers up to 65% LTV for purchases or refinances.
Unlimited Investment Properties: We have no restrictions on the number of investment properties a borrower can own.

Loan Terms

INTEREST RATES	8.99% – 11.99% – First Position 11.99% -13.99% – Second Position	LOCATION	Arizona, California, Colorado, Minnesota and Texas only
LOAN AMOUNTS	$100,000 – $5,000,000	TYPES OF LOANS	Acquisition, Refinance and Cash-Out
LOAN DURATION	12-24 months	LIEN POSITION	First and Second Trust Deeds Only
ORIGINATION FEE	Starting at 2.0% of loan amount, depending on loan size and length of term	PROPERTY TYPES	Owner and Non-Owner Occupied Residential. Multifamily, Commercial, Industrial, Office, Retail, Mixed Use
LOAN TO VALUE	Up to 65% LTV in first position Up to 50% CLTV in second position	APPRAISAL FEE	None
CLOSING TIMEFRAME	10 business days or less	PREPAYMENT PENALTY	None

There are no minimum credit scores, employment requirements or financial minimums to qualify for a loan.

*All loans are secured by real estate for business purposes only

APPLY NOW

How Cash Out Loans Work

A cash-out refinance follows these key steps:

Appraisal: A licensed appraiser confirms your home’s current market value.
Application: You apply for a new mortgage with a higher principal balance.
Payoff & Disbursement: The lender pays off your existing loan and issues the surplus funds in cash.

Numeric Example:

Home value: $600,000
Existing mortgage balance: $300,000
New loan amount (max): $400,000 (up to 50% CLTV for a conventional refinance)
Cash-out proceeds: $400,000 – $300,000 = $100,000 (minus closing costs)

Most lenders enforce combined loan-to-value (CLTV) limits—typically 50% for conventional and FHA programs—and offer both fixed-rate and adjustable-rate options. An updated appraisal is required to validate your home’s value before funding.

Differences Between Cash-Out and Rate-and-Term Refinances

When you refinance a mortgage, you can choose between a cash-out and rate-and-term refinance. While both loan types involve restructuring your existing mortgage, the key difference lies in the withdrawal of equity. Check out the table below to learn more about the differences between cash-out and rate-and-term refinances:

Type	Purpose	Equity Withdrawal	Typical Benefit
Cash-Out Refinance	Increase loan balance to access equity	Yes	Lump-sum funds for any use
Rate-and-Term Refinance	Lower interest rate or adjust term only	No	Reduced monthly payment

If you’ve been making mortgage payments for several years and want to lower your monthly payment, a rate-and-term refinance is ideal. If you want to access the equity in your home in the form of cash, you can apply for a cash-out refinance.

Pros and Cons

Cash-Out Refinance
- Pros: Immediate liquidity, potential tax-deductible interest, one-time closing
- Cons: Higher loan balance, possible rate premium, closing costs (2%)
Rate-and-Term Refinance
- Pros: Lower monthly payments, no additional debt, often lower rates
- Cons: No cash proceeds, may not meet large-expense needs

Client Testimonials

“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”

Brian OverstreetPresident, Advera Health Analytics

“Sacha and his team were on point from our first call to funding. They were professional and easy to work with. We will definitely be using them for our future transactions”.

Mark O’ToolePresident, Pacific Coast Home Mortgage & Real Estate Inc.

“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”

Michael KornAgent, Keller Williams Realty

“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”

Anthony TrujilloMortgage Broker, Paramount Partners

“I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. I highly recommend”

Courtney RothClient

“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”

Marianne BordognaAgent, Keller Williams Realty

“The team at Source Capital Funding was fantastic. Their professionalism, speed and solid loan terms is why I will be coming back to close more business with them.”

Sergio AbbudSenior Loan Officer, Better Rate Mortgage

“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”

Paul ElamOwner, San Diego’s Real Estate

“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game.”

Tyler HansonAssociate Broker, Cushman & Wakefield

“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”

Greg ShieldsOwner, GSI Appraisals

“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”

Alvin FuchsAgent, Keller Williams Realty

“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future. “

Kendall HeathClient

“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”

Andrew BellahOwner, The Bellah Group

“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”

Lauren MarcusClient

“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”

Borna EftekariAgent, Farmers Insurance

Why Choose Source Capital for California Cash Out Loans?

We Have Experience, Trust, and a Proven Track Record

With over 40 years combined hard money lending expertise, we’re a reliable lending partner to real estate investors and property owners. Brokers, realtors, and borrowers across California consistently trust Source Capital for their refinancing and cash-out loan needs. Join thousands who borrow from Source Capital and get:

Experienced Loan Specialists: A knowledgeable team providing personalized, expert guidance throughout the loan process.
Competitive and Transparent Terms: Fixed, competitive interest rates starting from 8.99%, with straightforward and transparent lending practices—never hidden fees or surprise charges.
Client-Focused Approach: We provide ourselves on unmatched customer service, ensuring a smooth transaction from application through funding.
Extensive Industry Experience: With over 40 years of dedicated hard money refinance experience, Source Capital offers unmatched industry expertise and reliable lending practices, ensuring your refinance transaction is handled professionally from start to finish.

Our Straightforward Loan Submission and Approval Process

We’ve simplified the refinance process to ensure you can access cash quickly and efficiently. You can expect these four simple steps for your cash-out refinancing loan:

Submit Your Loan Request: Easily submit your loan application directly via phone or our website.
Rapid Pre-Approval: Receive same-day pre-approvals to expedite the refinancing process.
Flexible Underwriting: We approve primarily based on property equity, rather than your credit score, tax returns, or income.
Quick Funding: Cash-out refinance loans typically close and fund within 10 days for immediate funding.

California Cash Out and Refinance Loans FAQ

Is It Hard to Get Approved for a Cash-Out Refinance?

Approval is primarily based on property equity, making it accessible even for those with low credit scores. Our streamlined process ensures quick approval for eligible property owners.

What Is the Downside of a Cash-Out Refinance?

The main downside is the potential risk of foreclosure if payments are missed. Ensure you utilize funds wisely and plan repayments diligently.

What Is the Rule for Cash-Out Refinance?

Typically, the rule involves maintaining sufficient equity in the property, with LTVs up to 65%. Our flexible terms cater specifically to your investment needs.

What Is the Current Interest Rate for a Cash-Out Refinance?

Our competitive fixed rates start as low as 8.99%, ensuring cost-effective financing solutions for California investors.

How Long Does the Cash-Out Refinancing Process Take?

With Source Capital, expect funding in as little as 7-10 days, providing swift access to your capital.

Can I Refinance Multiple Properties Simultaneously?

Yes, you can. We have no restrictions on the number of investment properties for refinancing, accommodating your broader investment strategy.

Do I Need to Verify My Income for a Cash-Out Refinance?

No income verification is required in most cases. Our approval focuses on property equity, simplifying the application process.

How to Get Approved for a Cash-Out Refinance Loan

1. Apply Online

It takes minutes to complete our simple, online application to get prequalified for a loan.

2. Get Approval

After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.

3. Loan Funded

In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.

4. Pay Monthly

You make monthly payments via mail, phone or direct deposit. It’s that easy.

Get Funded Fast – Apply Today!

Provide us some brief information about your hard money needs and a decision maker will get back to you as soon as possible to discuss.

What We Offer

Same Day Approvals
Rates starting at 8.99% Interest
Poor Credit OK
No Debt to Income Requirements
No Prepayment Penalties
No Appraisal Fees
$100,000 to $5,000,000 Loan Amounts
Residential, Commercial, Industrial
1st & 2nd Trust Deeds
Up to 65% Loan-to-Value (LTV)
Up to 50% Combined LTV (2nd Loans)
Closings in 7-10 Days

NOTE: All loans are secured by real estate in AZ, CA, CO, TX and MN ONLY. We do not fund unsecured loans or loans for personal use. Please call us at 888.251.0861 if you are unsure of these parameters.

Apply Now