HUD 223(f) Refinancing

Do HUD 223(f) Loans Permit Cash Out Refinancing?

Do HUD 223(f) Loans Permit Cash Out Refinancing?

Can you get cash out if you refinance a property with a HUD 223(f) loan? The answer is yes-- but only under certain conditions. Specifically, HUD 223(f) loans only permit cash out when 80% of the property's value is greater than the existing debt plus any and all transaction costs.