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What is the maximum LTV for a cash-out refinance for an FHA loan?

by GCarlin from Davenport, Iowa. Jan 11th 2013 Reply


Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

85%

Jan 11th 2013
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Dennis Clark (DennisClark)
#9 ranked lender in Nebraska - 24 contributions

GCarlin,The current maximum loan to value for an FHA cash out refinance is 85%. If you need anything else,feel free to contact me at 402-333-5432 or email me at dennis@mortgageloansofamerica.com.Thanks,Dennis W ClarkNMLS#13970http://www.mortgageloansofamerica.com

Jan 11th 2013
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Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Good Afternoon! The simple answer is 85%, but your transaction may not be considered cash out and thus you can go to 97.75%. If you would like to discuss your loan scenario directly with me, I would be happy to let you know if this transaction would be considered a Cash Out or Rate & Term Refinance! We are a Federally Chartered Bank, lending direct in all 50 States! Happy To Help!

Jan 11th 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

The current maximum loan to value for an FHA cash out refinance is 85%.

Jan 11th 2013
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Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

For Cash Out, 85% of the value of the property per the appraisal

Jan 11th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

85% of the value as determined by an appraisal. In MN or WI, visit www.fha-streamline-refinance-mn.com

Jan 12th 2013
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