FHA Cash Out Refinance Program
You could be eligible to lower your interest rate AND turn your home's equity into cash by refinancing your FHA mortgage through the FHA Cash Out Refinance program.
FHA Cash Out Refinance
The Federal Housing Administration (FHA) allows you to take up to 85% of the appraised value of your home in cash, giving you more flexibility to:
- Make home improvements
- Pay off high-interest debt
- Finance educational expenses
- Go on your dream vacation
- And much more!
With a FHA Cash Out Refinance, you can refinance for more than the amount you owe and take the difference in cash to use for other purposes such as home renovations or paying off higher-interest debts. The interest rates on Cash Out Refinancing are often lower than rates for a home equity loan.
- Get a new loan amount of up to 85% of your home's current appraised value
- Consolidate higher-interest debts into a tax-deductible mortgage expense
- Cash at closing can be used for a wide variety of purposes
Rates are still at historical lows. Now is the time to take advantage. Don't wait! Apply online today or call 734-765-6397 to speak with our FHA expert, Jeff Flora.
Apply Now Get Prequalified
Get a Free Estimate
The best way to find out if refinancing makes sense is to contact our FHA mortgage expert for a no-obligation consultation. We can determine if you are eligible and how much you could save. Even though rates have been on the rise, they are still at historical lows and still offer great savings opportunities. There is no obligation, just the opportunity to save big! Contact us today to get started.
Additional Refinance Opportunities - FHA Streamline Refinance
Even if you're not interested in taking cash out of your home's equity, you could still save money on your monthly mortgage payment through the FHA Streamline Refinance program. This program offers:
- No application fee
- No appraisal required
- Reduced costs
- Lower fixed interest rate
Programs are available to qualified borrowers. All loans are subject to credit approval. Some additional restrictions may apply.