Tulsa Cash Out Refinance

Tulsa Cash Out Refinance

Being a homeowner is one of the biggest investments you will make in your life. And like any investment, there are times when you can really benefit from cashing out – or taking equity out of your home. A Tulsa cash-out refinance allows you to do just that by refinancing your mortgage for more than you currently owe, and taking the difference in cash.

Although the decision to refinance is not for everyone, you should know that it's an option! We know it can be hard to sort through all the information out there about cash-out refinancing so we've put together this quick guide to help you find some quick facts. You can also give us a call or stop in and talk at Native American Mortgage if you need help deciding if a Tulsa cash out refinance is the right move for you.

Benefits Of A Cash Out Refinance In Tulsa

So what are the reasons homeowners choose a Tulsa cash out refinance? Of course, this decision comes with risks like any other major financial decision, but when done correctly a cash-out refinance can provide you with some serious benefits such as:

There are many other benefits of a Tulsa cash out refinance but these are the most common! A few downsides or possible risks of refinancing could be:

When Should You Choose A Tulsa Cash Out Refinance?

The best time to pursue a Tulsa cash out refinance is when mortgage interest rates are lower than the rate you're currently paying. This will lower your monthly payments and potentially save you thousands of dollars in interest over the life of your loan.


It's also a good idea to have at least 20% equity in your home before considering a cash out refinance. This will help you avoid paying for private mortgage insurance (PMI) and give you a lower interest rate.

If you're not sure if now is the right time for a Tulsa cash out refinance, our experienced lenders at Native American Mortgage can help! We'll go over your current financial situation and goals to help you make the best decision for yourself and your family. Give us a call today or stop in and see us to get started on your Tulsa cash out refinance!


Am I Eligible?

Obtaining a HUD Section 184 Native American home loan is fast and free!

In Oklahoma, only a small portion of tribal members are aware of the Section 184 Native American Home Loan Benefit, even though they may be eligible. To qualify, you must be an American Indian or Alaska Native who is a member of a federally recognized tribe over the age of 18 who will occupy the property as a principal residence.

If you are considering a Section 184 Tribal Loan to buy a home or refinance your current loan, the fastest and easiest way to find out if you are eligible is to get qualified with a Native American Mortgage Specialist who can help you determine your eligibility, monthly payment savings, maximum loan amounts, and program advantages.

Get Qualified More Information

Section 184

news & info

  • Office of Native American Programs Sets a Date to Closeout the Section 184 Program Fiscal Year 08/23/2022

    At the end of every fiscal year, HUD and the Office of Native American Programs suspend activity for the Section 184 Native American Mortgage Home Loan program to reconcile financial accounts and set up accounting codes for the next fiscal year. The closeout period ... READ MORE
  • 2022 Section 184 Native American Mortgage Loan Limit Increase! 05/18/2022

    THIS IS HISTORIC NEWS FOR ALL OKLAHOMA FEDERAL TRIBAL MEMBERS!  It was just released that the Department of Housing and Urban Development (HUD) increased the maximum loan amount for the Section 184 Native American home loan to $420,680!! This applies to ALL of ... READ MORE
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