New FHA Cash-Out Refi Rule Curbs Financing for Moderate-Income Borrowers
Orange County Register, Aug. 8, 2019–Jeff Lazerson
Ticktock. You have until Aug. 31 to cash out up to 85% of your property’s value by refinancing your Federal Housing Administration loan. Starting Sept. 1, new rules kick in limiting FHA cash-out refinancing to 80% of your property’s value. (MBA mention)
