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Announcement 2019-071: FHA Cash-Out LTV/CLTV Update

Cash-Out LTV/CLTV Update

Effective for new case numbers assigned on or after September 1, 2019, the maximum LTV/CLTV for cash-out refinances has been reduced to 80% in accordance with ML 2019-11.

 

The LTV/CLTV will remain at 85% for case numbers assigned before September 1, 2019.

 

Please reference the product profiles for full details.