The FHA cash-out refinance gives you access to the equity in your home. Even though you are limited to 85%, it’s still a good program. They allow lower credit scores and higher debt ratios than conventional loans allow. This makes it easier to qualify for FHA cash-out refinancing.

How To Apply For An Fha Loan What Is Fha Loan Requirements The FHA loan allows eligible borrowers to buy a home with just 3.5% down. It has flexible guidelines and low-interest rates. One area it is not flexible in, however, is its residency requirements.