Bank wont let me BRRRR. HELOC ONLY. HELP!

[Maugno M.]

I have a home i bought and nearly finished rehab. Started doing my paperwork to do a cash out refinance and back says i have to treat this as a HOME EQUITY loan. It still is a 80%ltv but max is 20year. They said i needed to have additional Homesteads for it to be a Cash Out refinance. 

What do you all think? I'm shopping around to see where they can do a 90%LTV but have had no luck. Not even at the credit unions. Any Advice ?

[Aaron K.]

most lenders will want 80% or even 75% LTV