Can we get a cash out loan on a paid off house we inherited?

probably not possible if credit scores are under 680....contact a lender and try to get approved for a cash out refinance on the rental

Maybe. Yes, borrowing against a home you inherited is possible. Qualifying for such a loan may be more difficult depending on how "not good credit" your credit really is. Working with a seasoned Loan Officer to analyze your credit to see what your options are. Feel free to reach out and let's see what we can do for you. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.NEXA is licensed in all states except MA and NY so give us a call. ~ www.LoansA2z.com 480-889-9000 - OR - 480-695-9300.

Get a cash out loan on a house you inherited, and now legally own? Yes. Get a cash out with weak or poor credit? That is a whole different thing. You may be OK, you may not. They only way to tell is to reach out to a local mortgage broker, give them a full loan application, and let them determine what, if anything you qualify for. I provide home loans in MN, WI, IA ND, and SD. Visit my website at JoeMetzler.com - (651) 552-3681 - Cambria Mortgage, NMLS 274132