FHA & VA Updates


In this episode, we went over two major refinance updates, one with the FHA and the other with the VA. We wish that we were passing on better news, but this is basically the government tightening restrictions on some of the loan parameters.

FHA Update

Starting September 1st, 2019 FHA cash-out refinances will be limited to 80% loan-to-value. Prior to this, FHA cash-out refinances were allowed up to 85% loan-to-value. But, as of September 1st, they will be the same as conventional.

VA Update

The VA agency has announced that cash-out loans exceeding 90% loan-to-value will officially be ineligible for VA loans starting November 1, 2019. This essentially means that VA cash-out refinances that close after September 30th, 2019 will be limited to 90% loan-to-value, compared to the previous allowance of up to 100% loan-to-value.


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Signature Home Loans, LLC does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Signature Home Loans NMLS# 1007154, NMLS# 210917, and 1618695. Equal housing lender.