FHA Home Loans
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We specialize in FHA Streamline Refinances and regular FHA loans We specialize in FHA Streamline Refinances and regular FHA loans. We can help!
05/12/2017
Is Cash Back Allowed on an FHA Streamline?
No cash back to the borrower is permitted to be intentionally built into the FHA streamline transaction. FHA does permit a small amount of cash, usually less than $500, to go back to the borrower. Cash back can only be as a result of incidental changes in closing costs calculations, which happens often with all mortgages. Some lenders limit the amount to $250 or less.
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