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What are the guidelines for an FHA Refinance Loan?

April 26, 2017FHA guidelines loan Refinance

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What are the guidelines for an FHA Refinance Loan?

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If the borrower wishes to take cash out of the property, then the maximum FHA Home Loan Refinance amount is 85% of the current appraised value. If the borrower does not take cash out then the maximum financing will be 97.75% of the appraised value of the home or the amount you are refinancing plus closing costs, whichever is lower.