FHA to Reduce the Loan-To-Value (LTV) on Cash-Out Refinance Mortgages<\/p>\n
FHA Issues Policy Guidance Reducing the Maximum Loan-To-Value and Combined Loan-To-Value Percentages on Cash-Out Refinance Mortgages<\/p>\n
Today, the Federal Housing Administration (FHA) published a letter announcing the reduction of its current maximum loan-to-value (LTV) and combined loan-to-value (CLTV) percentages for cash-out refinance mortgages from 85 percent to 80 percent. This new cash-out refinance guidance goes into effect for new mortgages on September 1, 2019, and beyond.<\/p>\n
The last time the FHA adjusted the maximum LTV on cash-out refinances was in 2009 from 95 percent to 85 percent in response to the weakening housing market.<\/p>\n
What does this change in LTV mean to homeowners looking to refinance?<\/p>\n
A homeowner wishing to refinance under the current FHA guidelines must begin the application process and have a case number assigned before September 1, 2019.<\/p>\n
Intelliloan is prepared for this new change by the FHA and will continue taking applications under the current guidelines with case numbers assigned through August 30, 2019.<\/p>\n
Intelliloan strongly urges homeowners looking to cash-out refinance to do so before the FHA guidelines change on September 1, 2019.<\/p>\n
What sets Intelliloan apart is their award-winning customer service and vast knowledge of the industry. Intelliloan has been helping homeowners reach their financial goals for over 25 years.<\/p>\n
Quick Links:<\/p>\n
https:\/\/intelliloan.com\/<\/p>\n
https:\/\/www.hud.gov\/sites\/dfiles\/OCHCO\/documents\/19-11ml.pdf<\/p>\n
https:\/\/www.hud.gov\/press\/press_releases_media_advisories\/HUD_No_19_114<\/p>\n
Metropolitan Home Mortgage, Inc. dba Intelliloan is headquartered at 4 Park Plaza, Suite 800, Irvine, CA 92614. NMLS#3290. (www.nmlsconsumeraccess.org) Not licensed in all states. Call toll free at (888) 417-8562. Metropolitan Home Mortgage, Inc. is an FHA\/VA approved lender and is not acting on behalf of or at the direction of FHA\/VA or the Federal government. Equal Housing Lender.<\/p>\n","protected":false},"excerpt":{"rendered":"
FHA to Reduce the Loan-To-Value (LTV) on Cash-Out Refinance Mortgages FHA Issues Policy Guidance Reducing the Maximum Loan-To-Value and Combined Loan-To-Value Percentages on Cash-Out Refinance Mortgages Today, the Federal Housing Administration (FHA) published a letter announcing the reduction of its current maximum loan-to-value (LTV) and combined loan-to-value (CLTV) percentages for cash-out refinance mortgages from 85 […]<\/p>\n","protected":false},"author":2,"featured_media":8971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-8748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intelliloan"],"_links":{"self":[{"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/posts\/8748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/comments?post=8748"}],"version-history":[{"count":1,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/posts\/8748\/revisions"}],"predecessor-version":[{"id":8996,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/posts\/8748\/revisions\/8996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/media\/8971"}],"wp:attachment":[{"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/media?parent=8748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/categories?post=8748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/intelliloan.com\/insights\/wp-json\/wp\/v2\/tags?post=8748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}