FHA Streamline Refinance

FHA loan refinance to lower interest FHA loan.
  • No Appraisal Required*
  • No Income Verification*
  • No Employment Qualifying*
  • No Assets Verification*
  • No Credit Qualifying*
  • No Debt Ratios
  • No Seasoning Required*
  • No Face to Face Application
* These items changed since Nov 17, 2009

VA Streamline Refinance

VA loan refinance to lower interest VA loan.
  • No Appraisal Required
  • No Income Verification
  • No Assets Verification
  • No Credit Qualifying
  • No Debt Ratios
  • No Seasoning Required
  • No Face to Face Application

FHA 203K Streamline Loan

Simplified (Streamlined) version of FHA 203K loan. It is "light" rehab loan (up to $35,000) under FHA guidelines perfect for most light fixers and upgrades. Owner occupied properties only. When combined with FHA purchase loan can be used for "fixer" purchases.
  • Can exceed the purchase price
  • Can be adjustable or fixed rate
  • Owner can do some of the work himself
  • Up to 6 months to complete work

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Jun
17

Mortgage Question for you?

By
streamline refinance


I’m looking to get a streamlined refinance (no cash, just lower monthly payment) and the requirement is “no late payments”. I have paid my mortgage past the grace period a few times but never past the 30 days. Is this consitered late? Would this prevent us from being approved?

Categories : Q&A

1 Comments

1
R T
June 20th, 2009 at 10:30 pm

If it was not reported as late on your credit report, it probably won’t show up. Generally you have to be more than 30 days late to get reported.

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