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Updated about 10 years ago,
Cash out refinancing 4-unit >417K
Has anyone had experience with 30 yr cash out refinances above 417k?
I am looking to do a cash out refinancing on a 4-unit property for around 650k with a 30 yr fixed loan. I know that FHFA's posted conforming loan limits for 4-unit investment property in 2015 is $801,950 so I am optimistic that there are banks that would do cash out refinances up to that amount. The local bank I just did a smaller cash out refinance with said they cannot do more than 417k for cash-out, however I know that is a 1-unit fannie limit.