Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for carlos50

can i refinance an owner occupied fourplex?

My wife and I credit score 810 and our mortgage is $34000 the property value is 200000 ,do we will be able to cash out $150,000
  • March 26 2011 - Raytown
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

Yes, Our partners at Heartland Premier Mortgage just approved an Owner Occupied Four Unit Property on a 15 year fixed rate FHA Loan for 3.75% with 25% down.  Let me know and I can get you more information.
  • April 07 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

If you meet all guidelines you should be OK. A 4-unit owner-occupied property eligibility for cash-out is 75% loan-to-value with a 680 FICO score middle-score.

Happy funding, Rudi
  • March 27 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

It's more than credit and LTV and more about income in order to pay the loan back but based on on that tidbit of information you've provided one would recommend moving forward to find out more.
  • March 27 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.