Zillow Advice: FHA and VA Loans - Can I Take equity out of a home if I just bought it with an FHA Loan? http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ Zillow Advice | Zillow Real Estate it may be possible...all ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ it may be possible...all the best Mon, 04 Mar 2013 06:51:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2013-03-04T06:51:00Z If you know for a fact that ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ If you know for a fact that you contributed to the property value (with repairs, fresh paint, curb appeal, etc) and it will be appraised for a higher amount, you can certainly talk to several mortgage broker, they have access to many banks, private lenders and different programs.&nbsp; Asking questions to experienced professional it would help you to come out with a bright solution.<br/><br/>Best of Luck,<br/><br/>Maria Cipollone<br/>Century 21 Tenace<br/> Sat, 29 Dec 2012 15:42:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2012-12-29T15:42:00Z You'll have to qualify for ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ You'll have to qualify for it, likely need to wait a minimum 12 months, and the home will need to appraise to show equity. Contacting a local lender / bank is recommended.&nbsp; Thu, 27 Dec 2012 23:46:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2012-12-27T23:46:00Z In general, you would need ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ <p>In general, you would need to wait 12 months before you can do a cash out refinance&nbsp;to take advantage of a&nbsp;new appraised value assuming your home has appreciated in value since the time of purchase.&nbsp;Now if you need to pull out cash prior to completing&nbsp;12 months, your&nbsp;LTV would be calculated based on the&nbsp;lower of purchase price or appraised value so if your home has increased in value, you wouldn't be able to pull out cash via refinance. Assuming your home has equity and you haven't been in the home for more than 12 months, then a home equity loan could be an option. Contact a credit union or a local bank in your area to find out what your options are. Good luck!</p> Mon, 24 Dec 2012 03:34:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2012-12-24T03:34:00Z If you purchased the house ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ If you purchased the house with 3.5% down, have you done anything so that the home value is substantially higher?&nbsp;&nbsp;&nbsp; You can't borrow equiity when there is no equity. <br/><br/> Sun, 23 Dec 2012 15:38:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2012-12-23T15:38:00Z You can sure do one thing ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ You can sure do one thing and that is to try. I doubt you have enough instant equity, but you can try. Go speak with your lender or a different one to see, but don't get your heart set on it.<br/><br/>tim Sun, 23 Dec 2012 12:47:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2012-12-23T12:47:00Z The person that would best ... http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ The person that would best be able to answer this question is the lender that helped you just with the purchase of&nbsp;your home.&nbsp; Give them a call and go over your thoughts and concerns with them and they will be able to best point you in the right direction.<br/><br/><br/>Best of Luck,<br/><br/>Josh Barnett, Realtor Sun, 23 Dec 2012 11:46:00 GMT http://www.zillow.com/advice-thread/Can-I-Take-equity-out-of-a-home-if-I-just-bought-it-with-an-FHA-Loan/472015/ 2012-12-23T11:46:00Z