can I still cash out refinance up to 96.5% LTV with an FHA loan?

csmithballsout asked:


or did they change it to 85% max?
the current LTV ratio on the house is 85%. I have additional credit card debt I would like to pay off. The refinance is at a much better rate, I just want to know if FHA changed their regulations.

Lawrence

Tags: Cash Out Refinance, Current Ratio, Fha Loan

This entry was posted on Tuesday, July 7th, 2009 at 2:59 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “can I still cash out refinance up to 96.5% LTV with an FHA loan?”

1. Ryan M Says:
   July 7th, 2009 at 7:40 am

   Corey

   With that high of a LTV, it is highly doubtful that you will be able to get a refi. Besides, the costs associated with the refi will not be worth any cash out amount you would be able to get anyways. Basically you will be more PAYING money than what you will get out. Not a very smart move.