Can you do a cash-out refinance with a bank statement loan?
Yes — Choice Home Mortgage has bank-statement cash-out refinance programs available up to 85% of the property's value for qualified borrowers. The income side works like a purchase: your qualifying deposits, averaged over 12 or 24 months of statements, replace tax returns entirely — which matters most to business owners whose legitimate write-offs make their returns understate real income.
That 85% is a maximum, not a blanket approval level: credit score, loan amount, occupancy, property type, and the cash-out amount all move the ceiling, and cash-out caps run below purchase ceilings on the same programs. We compare multiple wholesale programs to find the strongest combination of qualifying income, available cash-out, and structure for your file: call (949) 522-7310.
The longer answer.
The income side works exactly like a purchase. An underwriter totals eligible deposits across 12 or 24 months of statements, strips out transfers and one-off items, and averages the rest into qualifying income. Business-account programs apply an expense factor first; personal-account programs typically don't. A 24-month window is generally viewed more favorably in qualifying, while a 12-month window can suit a newer or rising-income business.
As of 2026, our panel's bank-statement cash-out programs reach up to 85% loan-to-value for qualified borrowers — with the top of that range held by stronger credit and moderate loan sizes, and ceilings stepping down as loan amounts increase or credit profiles weaken. Across the market, purchase ceilings reach 85-90% at strong credit. Reserves are standard and tiered across programs: roughly three months of payments at baseline, stepping up at higher loan-to-values or larger loan sizes, and more on jumbo-sized files.
What borrowers do with the cash varies — common uses across the market include reinvesting in a business, consolidating higher-cost debt, or freeing capital for another purchase. That's what the market sees, not advice on what to do with home equity; the right move depends on your full picture.
Two more notes: seasoning requirements commonly apply before a cash-out refinance, and credit floors vary widely by program — which is exactly why one lender's ceiling isn't the market's answer. Bring your statements and we'll run both the 12- and 24-month windows before shopping the file.
A number on a webpage is never a quote for your file. The figures on this page reflect what wholesale lending programs typically offer — and lender guidelines, overlays, and matrices genuinely change all the time. A range that is typical this quarter can move next quarter, and the lender that fits a given scenario best may sit outside every figure here. That churn is not a flaw in the page; it is how wholesale lending works, and it is exactly why a broker who watches the matrices beats any static webpage — including this one. For today's guidelines across the lender panel as they apply to your situation, call owner Esther Buede at (949) 522-7310 — the check costs nothing, and it is the only number that counts.
Related reading: Bank statement mortgage hub · Bank statement loan requirements · Bank statement income calculator · Bank statement loans through an LLC · Start your application
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