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Can an FHA "no cash out" refinance be used to buy out the equity of an ex-spouse?

Answer

If the purpose of the new FHA loan is to refinance an existing FHA mortgage to buy out an ex-spouse's or other co-borrower's equity, the specified equity to be paid is considered property-related indebtedness and is eligible for inclusion in calculating the new mortgage. The divorce decree, settlement agreement, or other bona fide equity agreement must be provided to document the equity awarded to the ex-spouse or co-borrower.
 

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