FEATURED IN THIS ARTICLE: What is an FHA Streamline Refinance? What are the Qualifications? Using an FHA Streamline with or without an Appraisal FHA Streamline Refinance Quotes What is an FHA Streamline Refinance? The FHA Streamline Refinance Program is a home loan program designed specifically for borrowers who already have an FHA Mortgage Loan. It is known to be one of the easiest ways to refinance your FHA Mortgage. Unlike other traditional refinancing options, an FHA … [Read more...]
Max CLTV on FHA Streamline Raised
At least one lender is raising their maximum CLTV on the FHA streamline program. From an email from the lender: Non Credit Qualifying FHA Streamline Product Highlights No appraisal required - No AVM requirements 600 minimum FICO - conforming and high balance loan amounts Max LTV/CLTV of 125% No income documentation required Mortgage history - no late payments in the last 12 months Reduced documentation compared to standard FHA loans Must have a current FHA loan to be … [Read more...]
Shop FHA Streamline Refinance Mortgage Rates
One of the biggest secrets out there that many lenders won't tell you is that if you shop around fort he FHA streamline mortgage, chances are you are going to find a lender offering a better rate. Shop FHA Streamline Refinance Mortgage Rates The main reason that many people don't shop around is that it takes time. Many people also wonder how much money they will actually save or just how much better of an interest rate there is to be had anyway. But from the people I have talked to who have … [Read more...]
FHA Streamline Refinance With A Different Bank
As interest rates go lower, many people who currently have an FHA loan are interested in learning more about the FHA streamline refinance. One of the first questions many people ask is Can I do an FHA streamline refinance with a different bank? And the answer is yes. Click here for a mortgage quote with absolutely no obligations. FHA Streamline Refinance With A Different Bank When doing an FHA streamline refinance, you can work with any lender who is approved by FHA to be an FHA … [Read more...]
FHA Streamline Refinance At Your Credit Union
Many people have their mortgage with their local credit union and are searching for more information about the FHA streamline refinance program because their credit union has always done their mortgage and they do a decent job of having signs in the local branch explaining about the FHA streamline refinance and how it can save you money each month. So the first question is: "Is there really a FHA streamline refinance program?" And the answer is: yes. There are many lenders who offer the … [Read more...]