FHA Streamline Refinance

One of the simplest loans to do is a streamline refinance of an existing FHA loan, because you have already been approved by HUD once. If you don't presently have an FHA mortgage we can also refinance you into and FHA loan that will allow you to take advantage of the FHA streamline program in the future!

With the FHA streamline mortgage program, so long as your mortgage payments have been on time for the prior 12 months, you can inexpensively take advantage of any improvements in market interest rates.

Even if you had a "payment" bump in the road, you can still possibly qualify with the right circumstances!

This process is called an "FHA Streamline" loan . typically, it requires reduced documentation, and in many instances, requires no appraisal.

FHA Streamline Requirements

We've attempted to simplify refinancing existing FHA loans.

Conditions include:

• Your loan must already be an FHA HUD insured Loan
• The FHA loan must be at least 6 months old
  
• The refinance must lower the principle and interest payments by more at least $50.00 per month or be converting from an ARM to a Fixed Rate mortgage.
  
• The mortgage must have been on time for the most current 12 consecutive months and no present lates/defaults on any government loan
  
• You cannot receive cash back
  
• An appraisal is required if rolling in your closing costs (we can do a no closing cost loan!)
  
• Any existing new liens, must subordinate to the new mortgage

FHA Cash Out Refinance

Whether you have an existing FHA Loan or a Conventional Loan, FHA may be the answer for that cash out you're wanting for debt consolidation, or even home improvements.

With easy underwriting guidelines and great terms, FHA literally invites you to participate in their programs.

One of the biggest benefits that FHA offers is Low rates for everyone. With FHA, "The Rate, is The Rate, is The Rate". There are no adjustments for cash out, no adjustments for loan to value, there are no adjustments for credit score!

If you qualify, you get the same great rate no matter what and you can borrow up to 85% of the appraised value of your home, regardless of your credit score!!!