FHA Changes Requirements For Cash-Out Refinancing
Posted by Mark Cabal on Saturday, February 1, 2020 at 9:48 AM
By Mark Cabal / February 1, 2020
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FHA Changes Requirements For Cash-Out Refinancing
Since 2013, the number of cash-out refinances on FHA-backed loans has skyrocketed an incredible 250%-and, in hopes of reversing the trend, the Federal Housing Association is changing the requirements for refinancing. According to a recent article in HousingWire, effective September 1, 2019, the FHA will be changing the loan-to-value requirements from 85 percent to 80...
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