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FHA CASH OUT REFI IN TEXAS

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richardhines265 Joined: 30 Jan 2009 Posts: 1 1.52 Dollars($)	Posted: Fri Jan 30, 2009 4:02 pm    Post subject: FHA CASH OUT REFI IN TEXAS Like 0 Dislike 0 DOES THE STATE OF TEXAS ALLOW CASH OUT REFINANCES ON FHA LOANS? IF SO, WHAT IS THE MAX LTV% THANK YOU.
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Sat Jan 31, 2009 1:59 am    Post subject: Like 0 Dislike 0 Hi richardhines Yes, a cash out refinance on FHA loans are available in Texas. But there are certain requirements for cash out refinance which has been stated in Texas A6 laws. To know more about Texas A6, check out the following link: http://www.mortgagefit.com/texas/a6loan-law.html#23849 As far as LTV is concerned, it should not be greater than 80% of the home's value. Thanks. _________________ Good is the Enemy of Great.
MUNOZBDAN Guest	Posted: Tue Mar 17, 2009 12:37 pm    Post subject: FHA CASH OUT IN TEXAS Like 0 Dislike 0 NO YOU ABSOLUTELY MAY NOT DO A FHA CASHOUT LOAN IN TEXAS. LEARN TEXAS LAW BEFORE YOU CHIME IN WITH BS. ONCE A CASH OUT IN TEXAS ALWAYS A CASH OUT. SO YOU ARE NO LONGER ELLIGIBLE FOR A FHA ONCE YOU DO THIS.
JBone Guest	Posted: Wed Dec 01, 2010 2:21 pm    Post subject: FHA CASH OUT REFI IN TEXAS Like 0 Dislike 0 so are you saying the reason we can NOT do the cashout is because we would no longer be FHA eligible? but wouldn't we still be Conventional eligible?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Dec 02, 2010 3:00 am    Post subject: Like 0 Dislike 0 Hi JBone! Welcome to forums! If you meet the required criteria of the lender, you'll remain liable for conventional mortgage. Feel free to ask if you've further queries. Sussane

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