One of the most popular reasons that homeowners get cash out in a loan is for making home improvements. FHA does not offer a 2nd mortgage, but they do extend cash out refinancing up to 85% loan to value.

FHA also offers a unique rehabilitation loan, called the 203K. The FHA 203K can be done as a purchase or refinance transaction. Borrowers can borrow up to 115% for purposes of renovation, rehabilitating or home remodeling. Let our loan officers help you with a home improvement loan that provides extra cash quickly.