Tuesday, April 15, 2008

There are CLTV Limits for FHA Refinancing

Depending on whom yuou ask you may get a different answer with regards to CLTV and FHA. On may say that the CLTV limit is 100% and another may say that FHA has no limit on CLTV. You can apparently get an FHA subordination agreement that will help refinance an FHA loan with no CLTV limit. Again, depends on who you ask.

CLTV limits on FHA with subordination requests.

Take your FHA subordination agreement and help the borrowers CLTV limit.

This all has to do with seconds and second mortgages aon FHA first mortgages. I'll second that mortgage. Yes you will. But first you must subordinate it.

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