Is it possible to get a home equity loan 4 months after a refi?

Hi Timothy, Generally speaking it wouldn't necessarily be prohibited, but if you did a FHA cash-out I presume you borrowed the max of 85% of your value. Since banks and credit unions are the primary sources of HELOCs it would pretty much be up to their lending guidelines if they would want exposure above that 85% level. I'd start by asking some of your local CU's and community banks to see what they say. Good luck!

It's worth a try, as it all depends on the new lender.

Yes, you can definitely pursue a home equity loan whenever you are ready. There is no time limit for getting a home equity loan after doing a refinance. If it were me, I would first go to my credit union for a home equity line of credit (HELOC). If you are not a member of a credit union, I would try a local community bank. The amount they will lend varies by institution, but is generally between 85% to 95% of the appraised value, minus what is owed on your 1st mortgage. So you may have to do some shopping around. Hope that helps. If you have any other questions, feel free to call me at 505-323-0724 or via email gina@accessfundinginc.com. NMLS #222731

You can apply for a HELOC at anytime. Your best bet is to contact your local community bank. The HELOC will be dependent on your current Loan to Value,your credit and income -