NMLS 2275047

FHA Cash-Out Refinance

Contrasting a traditional cash-out refinance, the FHA cash-out refinance secures your new mortgage through Federal Housing Administration (FHA) insurance. This FHA-backed option provides an avenue for homeowners with lower credit scores to obtain approval, often accompanied by lower interest rates.

However, one downside is the requirement to pay mortgage insurance premiums (MIP) for either 11 years or the duration of the mortgage, based on the borrowed amount and mortgage terms.

We’ve made applying easy. To start your loan application and get preapproved click here, to find a local loan officer click here.


Corporate Office

2424 N Federal Hwy, Suite 100
Boca Raton, FL 33431
(561) 395-6900
(888) 216-6476

NMLS 2275047

CHOICE MORTGAGE GROUP

Official Mortgage Lender of Florida Atlantic Athletics

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To help the government fight the funding of terrorism and money laundering activities, Federal law requires us to obtain, verify, and record information that identifies each person who applies for a mortgage loan or other financial services with this establishment. We will ask for your name, address and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

2424 N Federal Hwy, Suite 100 Boca Raton, FL  33431 | Phone: (561) 395-6900 Toll-Free: (888) 216-6476
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