Since the early 1980’s HUD has made available a powerful refinance option to homeowners who are currently using FHA home loans in every state in the nation including Arizona. This home loan refinance does not even require a home appraisal as long as the homeowner is able to pay the small closing costs out of pocket even in Arizona. The power of this is seen when the homeowner owes more on their existing Arizona FHA home loan than the current appraised value of their home. Unfortunately, some Arizona homeowners owe more on their existing FHA home loan than their home is worth.
The FHA streamline refinance is the perfect solution for Arizona homeowners. If you have an existing FHA home loan for at least the last six months, have not been late in making a payment on your home loan for the last twelve months and you contact your Arizona FHA streamline refinance specialist chances are you will save hundreds, if not thousands of dollars on your yearly principal and interest FHA home loan payments.
Not just any dot com lender or big national bank understands the special needs of Arizona homeowners and how powerful the FHA streamline refinance can be. Make sure you make the right call to your HUD-approved Arizona licensed FHA loan specialist at 888.448.2669.