I'd like to refinance from a conventional to FHA loan type and pull out cash, Can I do this even with a BK in 2013.

Joe, Generally, I would say that Yes you can provided your credit justifes the loan. With a Cash Out Refinance you would be limited to an 85% LTV. You can find my contact information on my profile page if you wish to call. My office is located in a South Western Suburb of Cuyahoga County.

So long as you didn't include any other property in the bankruptcy then you may be eligible. So long as you've re-established credit and/or have had no derogatory marks on your credit since your bankruptcy you'd be fine. If I can help answer any add'l questions I'd be happy to help. Best wishes otherwise, Kimberly Lawson, Ohio only. Contact and licensing information can be found on my profile.

More info needed.. FHA guidelines require you have met a 3 year mandatory waiting period from the discharge date of the BK.. So long as you have met that waiting period, and you meet all other eligibility requirements, then you should be ok.. But if you want to know for sure, then try contacting a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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 NMLS# 226347

Yes, in theory. For FHA, your bankruptcy must be at least two-years old. Next, on FHA, you can take cash out up to 85% of the appraised value.

Joe, I am very old school, but here goes. All the contributors have great information for you Joe, but why go FHA? What is your current LTV and how much are you looking to cash out? If you have been without any mortgage insurance with your conventional loan, guess what, with FHA, its for the life of the loan. Just more money out-of-pocket, and to no benefit yourself the borrower. With a conventional loan, MI can be removed at request at 80% LTV and mandatory removal at 78% LTV. I would seriously look at the need for cash vs re-leveraging your home if the cash is not that necessary. Additionally, if you can wait and improve credit etc, you may put yourself into a better position in the long run. If you need some credit help with restoration, contact Xperia at this link. http://www.xperiacredit.com/ Ask for Mathew Mincks. He will provide you with a free consultation. Also, if the cash out is for a vehicle purchase etc. check into your local credit union for great auto rates and some personal (unsecured) loan rates which are not too bad either. Anyway, just a much more conservative spin on your situation. Food for thought. All the best, Scott.