can i refinance an owner occupied fourplex?

So you want to borrow $490,000 on a place that is worth $200,000? If that is the case then no way. If the numbers are reversed then you can almost do it. We could lend you $340,000 on an FHA loan if you live in the house and want cash out. We could lend only up to $300,000 on a conventional loan as a cash out loan on a 4 plex. Both of these are assuming a $400,000 value. You can call me at (866) 385-1650 if the house is in CA.

Interesting, me thinks they are adding a zero? Cash out can be done, what state is the property located in?

You should be able to cash out up to 85% of the appraised value on the property.