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Updated almost 7 years ago on . Most recent reply
Cash-out refi and FHA loan limits
Will a cash out refi count towards the limit of FHA loans I can get?. I have one FHA loan and 3 cash out refi commercial loans. After my 12 months is up I am looking to apply for another owner occupancy FHA loan. Thank you
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Originally posted by @Robert Barnes:
Will a cash out refi count towards the limit of FHA loans I can get?. I have one FHA loan and 3 cash out refi commercial loans. After my 12 months is up I am looking to apply for another owner occupancy FHA loan. Thank you
It is a loan regardless of if you refi or do a cash out refi. It will show on your credit as 1 tradeline.
You can only have 1 FHA loan at a time unless you have a qualified life event and 15% equity in the property
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