FHA Jumbo: Cash-Out Refinance LTV Reduced/Two Appraisals in Declining Markets

You have to admit that a 95% cash-out refi on a jumbo loan was too good to be true. You know, an 85% cash-out FHA-Jumbo is still an awesome loan. It allows: 1-4 unit properties; 1-unit homes only (not 2-4s), you can include a non-occupant co-mortgager to help with qualifying (but not to overcome bad credit). Fannie doesn't even have jumbo cash-out refis; and Freddie-jumbos are only 75% LTV with all kinds of fees and a 720 FICO. There's still no comparison.

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