FHA Cash Out

Pay off debts with FHA cash out refinance.



FHA cash out - Has your mortgage been paid on time for the last 12 months?

If it has then you've met the first requirement of an FHA cash-out refinance. 

FHA refinance allows you to refinance cash-out up to 80% of the value of the property with a minimum credit score of 500.

Need to refinance because of a divorce, balloon mortgage, debt consolidation or pay off your credit cards or a car loan. Bring down your monthly payments with a refinance. Do you want to consolidate debts and reduce your payments?

FHA refinance allows homeowners to refinance their existing mortgage by taking out another mortgage for more than they currently owe, therefore repaying their current mortgage and using the equity they have built up in their home to take out another larger mortgage.

FHA refinance allows you to refinance up to 80% of the value of the property with a minimum credit score of 500.


FHA has taken the following steps:

  • Update the combination of credit scores and cash out for new borrowers
  • New borrowers will now be required to have a minimum credit score of 500 to qualify for FHA's 80% loan-to-value cash out
  • FHA minimum credit score is 500

FHA Cash Out Refinance

The cash from your refinance can be used for any of the following:

* Home Improvements
* Bill Consolidation
* Large Purchases
* Investments
* Schooling
* Vacation
* Cash

You do not have to have an existing FHA loan in order to refinance. You may refinance 1-4 unit properties.


Debt to income ratio

Debt to income ratios are the calculations underwriters use to determine whether a borrower can qualify for a mortgage. They are used to determine if you have the capacity to repay your mortgage.

  • FHA DTI ratio is 40%/50% or can be higher based on DU approval with credit score above 580
  • FHA DTI ratio is 31%/43% or can be higher based on DU approval with credit score below 580

There are two calculations. The first or Front Ratio is your housing expense-to-income ratio. This is your proposed mortgage payment (principle, interest, taxes, mortgage insurance, and home owners insurance) divided by your gross monthly income.

The second or Back Ratio is your total monthly obligations-to-income ratio. This is your gross monthly payment including Mortgage PITI divided by your gross monthly income.

Apply for an FHA cash out refinance now! 


Apply Now!

Call us 888-958-5382


www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans.


We look forward to working with you.



Apply Now!

Call 888-958-5382

E-mail Us! 


Recent Articles

  1. FHA Purchase

    Nov 18, 21 08:42 AM

    FHA purchase loans have been helping people become homeowners since 1934. A perfect credit score is not needed for an FHA purchase. FHA minimum credit score of 580 to qualify for 3.5% down payment pro…

    Read More

  2. FHA Credit Score Requirements 2021

    Nov 02, 21 09:21 AM

    FHA credit score requirements 2021. New borrowers will now be required to have a minimum credit score of 580 to qualify for FHA's 3.5% down payment program.

    Read More

  3. Refinanciar Despues De La Bancarrota

    Oct 27, 21 11:58 AM

    Refinanciar despues de la bancarrota! Préstamo FHA puntaje de crédito mínimo de 500 para calificar para el retiro de efectivo del 80% del el valor de la casa.

    Read More


New Jersey Location

Florida Location

Call Now, Our Staff is Available

888-958-5382

Apply Now!