FHA (in all of their wisdom) has changed the Refinance transaction rules for Owner Financing. Previously when you refinanced an Owner Financed transaction using FHA you were able to obtain a loan up to 96.5% of the appraised value of the home. Now FHA is limiting that loan to value to 85% of the appraised value (or a cash out transaction). There is still conventional financing available up to 95%, but the guidelines for past bankruptcies, short sales, and foreclosures are much stricter. Please consult with a mortgage provider prior to going under contract as to determine the length of owner financing you require. Our preferred Mortgage Lender is Sherry Chadwick @ Loan Logic. She can be reached at 505-259-6440.