Real estate blog entries tagged with cash out by Shane Milne (First National Bank of Layton)

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Home : Blogs : Shane Milne : Shane Milne's Blog : Tag "cash out"

cash out: FHA officially limits cash out to 85% LTV - 03/14/09 09:01 PM

You might have been reading a lot of lenders limiting cash out on FHA loans to 85% LTV, or maybe have heard rumors about FHA limiting cash out to 85% LTV... well the end of March will be the last day you can order FHA case #'s and still be able to do cash out over 85% LTV. See snippet from mortgagee letter below:

"Effective for case number assignments on or after April 1, 2009, the loan-to-value (LTV) of any cash-out refinance to be insured by FHA may not exceed 85 percent of the appraiser's estimate of value.
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Shane Milne

Laguna Niguel, CA

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First National Bank of Layton

Address: 24452 Sunshine Dr, Laguna Niguel, CA, 92677

Office Phone: (949) 273-4161

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