yes you can do an FHA loan, their LTV goes up to 97%. with a 90% LTV your probably going to pay PMI no matter where you go so you might as well take advantage of the lower rates through FHA. also with FHA you can have a credit score as low as 530 and you get bonuses on your interest rate if it is over 680. that all depends on the bank though.
as for your weekend home that doesn’t factor into this to much. the only thing that will affect is your Debt to Income ratio if you have a mortgage on that also.
i am a loan officer and would be happy to help you further
if you have any more questions feel free to ask.

I am a senior loan officer. I have been doing this for 16 years. Under FHA guidelines, you can do a cash out refi to 95% or a rate and term up to 97.75%. Credit scores cannot be under 580 and under NO circumstances are your debt to income ratios exceed 43%. Current rates are about 6.25%

Thanks and good luck

Lou

Seems like a pretty simple deal to me, as long as you qualify for the loan on income and credit standards.
In today’s markets, the FHA loan is giving the best rates, especially after Fannie Mae keeps adding penalties to refinances.

This question is pretty hard to answer without knowing several factors, and any response may be inaccurate.

FHA loans are requiring straight proof of income.

You may qualify for

Depending in the area you live, you may have a problem of rapid depreciation already, and maybe necessary to refinance as soon as possible.

My suggestion is that you personally consult a QUALIFIED mortgage consultant that can advice you to do best thing.

Actually, look for three advisors and find the best solution.

Good luck

Um…

You want to refinance your primary residence? Just talk to the bank about it. Most generally will not have an issue of you taking out a new mortgage and closing the other one out…with appropriate fees and penalties for early termination. If you have to…sit down and have a discussion with several banks about moving the mortgage. Even if you don’t manage to find a “good enough” rate, the inquiries from the other lenders should make your lender agree to help you out.

Good Luck!

FHA goes up to 95% LTV on primary home. Sounds like your best option. Rates are around 6.25%. You know of course that you must qualify based on both house payments. Good luck!

You want to refi your primary at a lower fixed rate than you have now and increase the loan amount. As long as the payment is less than now, the lender will consider your request. I’d try it and see what they say.

Yes…I heard that FHA is currently going up to 95% rate and term on refinances. The FHA rates are awesome at the moment…but I would not wait too late to lock in a good rate they change daily.

you got too much money…….

If you are doing a rate and term refi then you can do this FHA. Be sure that you can prove your other property is a second home.