Hey Guys,

I have a quick question about refinancing an FHA loan. Is there a way to refinance an FHA loan and take money out, like you could with a conventional loan?

It seems like you only can refinance an FHA loan if you want to get a lower interest rate on your mortgage or shorten the life of the loan.

If there's a way to refinance an FHA loan and take money out, I'd like to know. Any light you all can shine on this would be great. Thanks!

@Andrew Walker You can cash out under FHA up to 85%LTV but due to COVID-19 the lenders could have overlays.

Thanks for your reply @Harjeet Bhatti.  Are there any qualifications that has to be met in order to get that process going with the lender?