FHA 203K Refi Max LoanMy read of the FHA 203k guidelines is that the maximum loan amount is the lesser of:1. Existing Debt + Rehab Costs2. As-is Value + Rehab Costs3. 110% of the After-Improved Value * LTV factor (which I assume is 96.5%?)My lender claimed that this is what the FHA text says, but that the "After-Improved" value amount is only different than the the "As-is" value if I'm modifying the house in a way that lessens its value (i.e. removing units). Therefore, they claimed the max I could finance was 110% of the "As-is" value.This contradicts everything I've read on the FHA website and in these forums, so I'd appreciate some confirmation that my lender is mistaken (or that I and apparently many others are very mistaken). Some specific history in case this matters:I want to refinance my SFH to add an additional attached unit and some space to the existing house. Existing home value ~$400k, planned renovation work ~$100k.My current mortgage is with Wells Fargo, and I purchased with an FHA 203k Streamlined loan about two years ago. I applied for the new 203k loan with the same WF mortgage consultant who we worked with on the original purchase, who handled that process competently.May 23 2012 - Silver Lake00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.