Master Fannie Mae and Freddie Mac no-cash-out refinance (limited cash-out) requirements in 2026. Learn key seasoning rules, ownership continuity, cash-back limits (greater of 1% of new loan or $2,000), allowable payoffs, and exceptions for buyouts or secondary liens used for purchase. Discover how expert contract underwriting and processing from The Commonwealth Group helps lenders stay compliant, scale efficiently, and close faster without added overhead.