FHA Cash-Out Refinance
FHA-Backed Equity Access for More Borrowers
If you have an existing FHA loan or even a conventional loan, an FHA cash-out refinance allows you to access your home equity with more flexible credit requirements and underwriting guidelines. This government-insured refinance option is ideal for homeowners with moderate credit scores or those who don’t qualify for conventional cash-out loans.
Unlike the FHA Streamline, this program does require a full credit review, appraisal, and documentation — but offers broader eligibility and lower interest rates compared to unsecured loan options.
Key Benefits
Access to cash
for major expenses or debt consolidation
FHA flexibility
for lower credit scores or higher DTI ratios
Competitive interest rates
Use funds for any purpose,
from home upgrades to financial planning
Fixed-rate and adjustable-rate options available
Keep in mind: FHA cash-out refinances include mortgage insurance premiums (MIP) — both upfront and monthly — which may be required for 11 years or the full life of the loan.