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Fannie Mae Selling Guide B2-1.3-03: Cash-Out Refinance Transactions

Document
Fannie Mae Single Family Selling Guide
Section date
Version in Zeitro Strata
Where
pages 197–202 of 1196
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, Cash-Out Refinance Transactions (12/10/2025) Introduction This topic contains information on cash-out refinance transactions, including:

Fannie Mae Selling Guide B2-1.3-03, pages 197–202

Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.

What this section covers

  • Eligibility Requirements
  • Ownership of the Property
  • Ineligible Transactions
  • Acceptable Uses
  • Delayed Financing Exception
  • Student Loan Cash-Out Refinances
  • Loan-Level Price Adjustments

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.