FHA Mortgage Lenders Rate Term Refinance
Properties owned > 12 months: The subject property must be owner occupied for at least 12 months at the time of case number  assignment.  Properties owned < 12 months: The subject property must be owner occupied for the entire period of ownership at the time of case number assignment.  Transactions not meeting the above requirements are eligible provided that current owner occupancy can be documented, and supported,  85o/o  but is subject to  maximum FHA Mortgage Lenders LTV.  For Properties acquired by the FHA Mortgage Applicants within 12 months of the case number assignment date, the appropriate FHA Mortgage Lenders LTV factor is applied to  the lesser of: the FHA Mortgage Applicants  purchase price, plus any documented improvements made subsequent to the purchase, or the appraised  value; except when the property was acquired through inheritance.  

FHA Mortgage Lenders Cash-out Refinance
FHA Mortgage Lenders Allow Cash out up to 80% LTV Maximum FHA appraised Value. The Property securing the cash-out refinance must have been owned and occupied by at least one  Seasoning  FHA Mortgage Applicants as their Principal Residence for the 12 months prior to the date of case number assignment. Properties acquired within 12 months of the case number assignment are not eligible for cash out refinance. See guidelines for allowable exception on inherited properties. FHA Mortgage Applicants with mortgage delinquencies within past 12 months are not eligible for cash out refinances. Non occupying Co- FHA Mortgage Applicants are not permitted.  Properties with mortgages must have a minimum of six (6) months of mortgage payments on the loan being refinanced and 210 Days must have elapsed between the first payment of the original loan and the first payment date of the new loan.