Sunday, March 30, 2008

FHA refi over 100%

Refinance the fha loan over 100% and you have a cltv problem unless you can have the second subordinate to reduce the loan amount of the first mortgage going fha. This is an fha rule. Do not exceedthe maximum cltv for fha. There is no maximum cltv for fha on a refinance with a second mortgage above 100% as long as the fha first mortgage is underitten correctly to fha standards.

FHA refinance cltv and FHA lending seconds requirements



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