FHA cash out refinance advertisement detailing max LTV of 80%, minimum FICO of 500, acceptable property types, occupancy types, loan terms, and offering competitive rates for lower credit scores.

The First Ever 30 Year Fixed in 1934

Key Loan Details

  • Best Terms for Borrowers With Less Than Perfect Credit: For those with credit scores below 700, an FHA loan may present the most advantageous terms.

  • Cash Out for Any Reason: Open to all, this option allows for taking as much cash as you want up to 80% of your home’s value. If you’re doing some renovations check out our FHA 203k Program where you can get more than 80% if it’s used for renovations that will increase the value of the property.

  • Flexible Credit Requirements: Take cash out as long as your credit score is above 500.

  • FHA Upfront Mortgage Insurance Premium: This fee is added onto your final loan amount so you don’t have to pay it upfront, but it’s not a small fee. The FHA Upfront Mortgage Insurance Premium(UFMIP) is 1.75% of your loan amount. This provides the support needed to maintain the FHA guarantee and is essential for keeping this program going.

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