FHA Cash-Out Refinance

Benefits of a FHA Cash-Out Refinance

High Equity Access

Borrowers can tap as much as 80 % LTV—five percentage points higher than most conventional cash-out limits.
Competitive Fixed Rates

Government insurance reduces lender risk, often translating into rates below those on comparable non-QM or second-lien products.
Debt Consolidation at Mortgage Rates

Rolling high-interest credit cards or personal loans into a long-term mortgage can dramatically lower monthly obligations.
Assumability

If you sell later, a qualified buyer may assume your FHA loan—potentially attractive if rates rise.

Disclaimer: By refinancing your existing loan, your total finance charges may be higher over the life of the loan.

Frequent Questions Regarding FHA Cash-Out Refinance

How is my maximum cash amount calculated?

Multiply your appraised value by 80%; subtract your current payoff, financed MIP, and closing costs. The remainder is your net cash at closing.

Will I need a full appraisal?

Yes. Unlike an FHA Streamline, all cash-out refinances require a standard FHA appraisal to verify value and property condition.

Does the new loan restart my FHA mortgage-insurance clock?

Yes. You’ll pay the upfront MIP again and the annual MIP for the life of the loan if your new LTV exceeds 90%.

Can I combine a cash-out with refinancing into a shorter term?

Absolutely. Many borrowers choose 15- or 20-year terms to access equity while still paying off the loan sooner.

Find Out More

Interested in a FHA Cash-Out refinance loan? Submit your information.

Please provide your basic information. First Name Last Name Email Address Mobile Number

Please include information about the property. Property Address Property State Property City Property Zip

Please include any additional information.

American Neighborhood Mortgage Acceptance Company, LLC dba AnnieMac Home Mortgage ("Company," "We," or "Us") seeks your consent to contact you with certain non-emergency, automated, autodialed, prerecorded, or other informational and telemarketing phone calls or text messages under the Telephone Consumer Protection Act (“TCPA”). By checking this box and clicking "Submit", you are providing your electronic signature and thereby authorize Us, our service providers, and/or our affiliates to contact you and any joint applicant at the home phone and/or mobile number listed above, and you agree such contact may be made using an automatic telephone dialing system (ATDS) or artificial prerecorded voice. Further, by checking this box and clicking "Submit" you acknowledge and agree that: you are not required to grant your consent as a condition of buying any property, goods, or services; you may revoke your consent at any time by calling (855) 994-3320 or by emailing Marketing_OptOut@annie-mac.com; Message and data rates may apply. View Our Privacy Policy.

FHA Cash-Out Refinance Loans

The FHA Cash-Out Refinance

Benefits of a FHA Cash-Out Refinance

Frequent Questions Regarding FHA Cash-Out Refinance

Let's Talk FHA Cash-Out Refinance