The news has been filled with an amazing variety of good and bad about the real estate industry lately. There has even been some information about FHA home loans which may not have been correct but here is some news that has not changed: If you have an existing FHA home loan you can use the FHA streamline program to refinance your existing FHA home loan anywhere in the United States. Not every lender provides FHA streamline refinance services so make sure you are speaking with an FHA streamline specialist.
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To do an FHA streamline refinance all you need is an existing FHA home loan and to not have been late on any home loan payments within the last 12 months. Even if your existing FHA home loan payoff amount is higher than the current appraisal value on your home you can still use the FHA streamline program because in certain instances you will not need a new home appraisal. In other words you have the opportunity to do the FHA streamline program with no new home appraisal.
You can continue to scour the internet and find bits and pieces of information but until you actually speak with an experienced FHA streamline program specialist you are not getting the correct information specific to your exact needs so call an FHA streamline program specialist today.