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refinance

netherton

Posted on: 11th Aug, 2010 08:49 am

does someone need 20% equity in their home, in texas, before they can refinance?

Total Reply : 2

No, if the property is owner occupied you can refinance up to 97.75% of home's appraised value with a new FHA loan.

What do you owe on the property? What do you think it's worth?

netherton

Posted on: 11th Aug, 2010 11:47 am

Your maxed out at 80% on cash out refinances but, rate/term refinances; nic is correct that through FHA you can go up to 97.75%

tfaulhaber1

Posted on: 11th Aug, 2010 01:48 pm

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