FHA Cash Out Refinance Program
Current FHA and Non FHA homeowners are eligible for an FHA cash out program. Any one with a mortgage and on a single family residence or a duplex. FHA will allow a cash out refinance of up to 85% of the appraiser's estimate of value. The borrower must have lived in the home for 12 months. Full documentation of income, employment and credit histories for 2 years is required. Bankruptcy's over 2 years old and foreclosure's over 3 years old are allowable under the FHA guidelines, but judgements and collections must be paid off. There is no FICO score requirement and non traditional lines of credit are allowed.
FHA "Cash Out" 85% LTV is the highest in the Lending Industry
Cash In Your Equity!
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