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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Jul
16

If I have a ARM mortgage for 3 years at 4.5 percent that is FHA backed can I streamline to 5.25% 30 year fixed?

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fha streamline


I want to refi but I am not sure if I am allowed to streamline into a higher rate? I want to do this so that I can lock into a rate before my ARM adjusts when the 3 years are complete

Categories : Q&A

1 Comments

1
Ryan M
July 17th, 2009 at 2:11 am

You need to review the terms of your mortgage to see what is “allowed”.

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