my land is worth more than my home. I need a cash out refi to pay off debt. Are there any lenders that will do this?

Not sure exactly what you mean.. is your home and land on one/same parcel?? If it is, then guidelines state they are to go by what's "Common" for the area.. so if you have a home on 40 acres, and all the other homes in your area are also homes on 40 acres, then you should be ok.. however some lenders have overlays stating that the land value cannot exceed 30% of the overall value.. so you might have issues.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Really need more information to know for sure. Have you had a recent appraisal? Is this an FHA Loan or Conventional? Contact me and I can give you sound advice.ThanksKelvin WaitsVP of Mortgage LendingGuaranteed Rate630 925-7854kelvin.waits@guaranteedrate.com

Sorry,I did not realize you were in Georgia. You came up as Itasca, IL. You might want to call Ronica Minc (404) 890-5064 in our Georgia office. I am not licensed in Georgia so I am prohibited from discussing mortgages in that state.

PClark - Two options that come to mind right away (1) Possible it could go Fannie or Freddie if your land/home valuation ratio is common in your area and an appraiser can support with recent similar sales. (2) The more likely solution - Look for a land lender, like "Greenstone," they specialize in these kind of loans and have VERY competitive rates. Best of luck to you.

The amount of land could be an issue, but otherwise you could go to 85% of the value of your home and land together (unless it is a manufactured home?) - and I'm assuming you are not talking about borrowing just against the land? I'm in SC but also handle loans in GA as well if you need help. Most lenders will need a new appraisal.

There may be some limitations, unless excess land value is common in your area.