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Cash-Out Transaction Restrictions for Conventional and FHA Loans in Georgia

Apr 11, 2024

Did You Know that Conventional and FHA have a restriction on cash-out transactions In Georgia? It’s true! When it comes to cash-out transactions, a Power of Attorney (POA) is NOT allowed. This means that ALL borrowers must sign all documents themselves, without the use of a POA.

Conventional and FHA loans have specific guidelines in place to ensure the integrity of cash-out transactions. By requiring all borrowers to sign the documents personally, these loans aim to prevent any potential fraud or misrepresentation.

So, if you’re considering a cash-out transaction with a Conventional or FHA loan, make sure that all borrowers are available to sign the necessary paperwork. This requirement is in place to protect both the borrowers and the lender, ensuring a smooth and secure transaction process.

Stay informed about the restrictions and guidelines surrounding cash-out transactions with Conventional and FHA loans to avoid any delays or complications in your mortgage process. Remember, when it comes to cash-out transactions, all borrowers must be present to sign the documents themselves.

For more information on cash-out transactions and mortgage guidelines in Georgia, contact our team of experts, they are here to help you navigate the mortgage process and find the right loan for your needs.