FHA cash-out refinance rules, in the order lenders check them
Co-borrowers on FHA cash-out
Handbook note
FHA cash-out refinances require the borrowers to occupy the home as their principal residence, so a co-borrower who does not live there usually cannot be added the way they could on a purchase. Ask the lender how its rules treat each person on title and on the loan.
Last reviewed against the primary sources listed below.
Ask about
- Who must live in the home.
- Who must be on the new loan.
- Who is on title.
Owner questions
Can a non-occupant co-borrower join an FHA cash-out?
Usually not; occupancy rules are strict.
Does everyone on title need to be on the loan?
Ask your lender how it handles title holders.