Cash Mortgage Refinance with FHA
Homeowners have a distinct advantage when refinancing with a cash back mortgage, because of the access to money at cheap rate with tax advantages as well. Yes you can get money back when refinancing with the Federal Housing Administration. This popular refinance product called the "203B" allows for people to receive cash when their loan closes escrow. In today's market, cash out refinance opportunities are more cherished.
Rates Remain Attractive on FHA Cash Out Refinance Loans
In the past cash back was allowed up 95% loan to value but today FHA is approving cash refinancing up to 85% loan to value. For example if you would like to finance some home remodeling and it's worth $450,000 and you want to get an additional $75,000 to cover the costs it won't be a problem. Compare our FHA refinancing with subprime or traditional mortgages and you will be pleasantly surprised.
Nationwide Mortgages is a direct lender who prides themselves in providing quick approvals and quick painless closings. FHA is one of the last cash mortgage products that allow borrowers to receive funds back in a refinance transaction with low credit scores.
Fund Your Dreams with Cash Out FHA Refinance Insured by the U.S. government
With home improvement costs falling, now is a great time to get cash out and make those needed repairs. Today, FHA rates continue to make headlines as falling below the 4% barrier offers a clear path for homeowners to save money when taking action with regards to available refinance offers. It's important to know that traditional lenders are requiring more equity on their cash out refinance loans. Check for new updates on FHA loan rates.
Fixed FHA Refinancing Pays Cash to Borrowers
Evaluate our FHA choices; cash back options, loan terms and get helpful advice on government home mortgages. The FHA cash out refinance is ideal for homeowners shopping for a reliable fixed rate loan.
Cash mortgages by FHA is still protected and insured by our government. Consumers are encouraged to apply online with government approved mortgage lenders. We are HUD approved to extend credit for refinance mortgage liens with residential collateral.
More Unique FHA Refinance Programs to Consider:
FHA Mortgage Loan Highlights
30-Year Amortization Term
15-Year Amortization Term
If you need money quickly, consider FHA for cash refinance loans because you can lower your interest rate and get access to money without having to break the bank on closing costs or pre-payment penalties. FHA does not consider credit scores.
Cash refinancing with FHA is a popular choice because HUD guidelines consider compensating factors that increase the likelihood of qualifying for a lower monthly mortgage.
Get Money Back in Your Loan When Refinancing with FHA