Can a borrower do a cashout refi and get a lender credit fannie mae?

If you're getting cash out what would be the purpose of the lender credit?

Yes.. however any credit given you would only apply to your closing costs. Your lender is not allowed to give you a greater credit than the closing costs associated with your loan (within a small margin of error)..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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes, you can get a lender credit to pay towards your closing costs. However, the lender credit is based on your interest rate. You will get a better interest rate with no lender credit. Speak with a local loan officer or two and have them present to you a couple of options to see what will be the best cost vs. benefit. Best wishes, Sean