Could you even do a cash-out refinance?
Before any numbers, there are rules about how long you've owned it, how you use it, and your payment history. Answer 7 questions and see where you stand.
No credit check · No obligation · Takes about 90 seconds
How do you use this home?
How long have you owned it and lived in it?
Timing is the requirement people miss most.
How have the last 12 months of mortgage payments gone?
Be straight here — underwriting will see it either way.
Have you been in a payment forbearance plan?
A pause on payments, for hardship or any other reason.
What's your home worth today?
Your best estimate. An appraisal sets the real number.
How much do you still owe on it?
All mortgages on the property. Slide to $ 0 if it's paid off.
How's your credit looking?
Your best guess is fine.
Where should we send it?
We'll show your results on the next screen and email you a copy to keep.
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The FHA checklist
Based on your answers. A loan originator confirms all of it against documents.
Your equity picture
FHA cash-out is limited to 80% of the home's value.
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Worth knowing
A cash-out replaces your existing mortgage. If your current rate is below today's, giving it up may cost more than the cash is worth.
FHA loans carry mortgage insurance — an upfront amount added to the loan plus a monthly charge. A conventional cash-out may avoid it, so it's worth pricing both.
Using your home to clear other debts moves that debt onto your house, where missed payments can put the home at risk.
Get the real answer
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Not an offer to lend. Subject to credit approval and additional terms apply. {{ footerCompany }}
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This is an educational tool. It does not quote a rate, annual percentage rate, payment, term, or loan amount, and nothing shown here is an offer, a quote, a preapproval, an eligibility determination, or a commitment to lend. Results reflect only the answers you selected and general FHA program guidelines summarized in plain language; they are not a review of your file. We have not checked your credit, verified your home's value, or reviewed your payment history.
FHA cash-out refinances are permitted only on owner-occupied principal residences. The property must have been owned and occupied by the borrower as their principal residence for the 12 months prior to the date of case number assignment, and occupancy must be documented. Properties with mortgages require a minimum of six months of mortgage payments, payments made within the month due for the previous 12 months or since the mortgage was obtained if shorter, and no missed payment in the month prior to disbursement. A mortgage delinquency in that period may require manual underwriting with tighter limits. Borrowers who used a forbearance plan must have completed it and made at least twelve consecutive monthly payments within the month due since completion. Maximum financing is 80% of adjusted value, inclusive of financed closing costs and upfront mortgage insurance, and is further limited by FHA loan limits that vary by county. Guidelines are summarized here, subject to lender overlays, and change without notice.
DAS Acquisition Company, LLC is not affiliated with or endorsed by any government entity or agency, including USDA, HUD or VA. USA Mortgage is not a credit repair organization, credit counseling agency, financial planner, or tax advisor and does not provide credit, debt, tax, or investment advice. Interest on debt secured by your home is not always tax deductible; consult a tax professional.