Looking for a Cash-Out Refinance Loan?

Did you know that the Federal Housing Administration (FHA) offers a program that allows you to refinance up to a 95% of your home's equity, regardless of your credit score?

An FHA Cash-Out Refinance Loan is available on 1-2 units and you don't need to have an existing FHA loan to be eligible for this program.

General Eligibility Requirements

• Property must be your principal residence for at least 12 months
• No late mortgage payments within last 12 months

If you've had past credit issues, you may become eligible for an FHA cash-out refinance loan sooner that with a conventional loan:

• Two (2) years following a bankruptcy (vs. 3 years on a conventional loan)
• Three (3) years following notice of default/foreclosure (vs. 4 years on a conventional loan)

Call me today to learn how refinancing with an FHA loan can give you a great loan along with the opportunity to access more cash increase substantially when amortization term begins.

Make sure you understand the features associated with the loan program you choose and that it meets your unique financial needs.

Maximum loan amount is $362,790; however, maximum loan amounts vary by state, county and property type and may be less.  Not all applicants will qualify.