The Conventional Rules For a Cash Out LoanFannie Mae and Freddie Mac are the Government Agencies that sponsor conventional lending.

@Joshua Jones @Brian Burke @Henry LazerowIf you hadn't seen it yet, Freddie Mac is bringing back the 95% LTV home possible on Nov. 15th .

Aside from Delayed Financing which is private money, for the standard cashout guideline of 80% to be allowed (Fannie Mac/Freddie Mac), a new appraisal and a 6 month seasoning is required.

Basically stricter underwriting standards than what is required by FHA, Fannie Mae, and/or Freddie Mac for a particular loan. 

Finally, Fannie Mae/Freddie Mac lenders usually require LLCs to be 'single asset, single entity' before they will approve a loan.

If you want to put six months in your head in case the lender must use Freddie Mac instead of Fannie Mae, that isn't crazy either.

Freddie Mac say we are going down until August 2023.

Fannie Mae and Freddie Mac finance most every residential real estate transaction in the country.

when you go to get money out of the machine at the  bank in your town.. do you go to the Fleetwood Mac?  

Here's the Fannie Mae LTV matrix, and here's the Freddie Mac LTV matrix.