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

FHA Streamline offers. Is this a scam?

fha streamline

We have an FHA mortgage on our home. We occasionally get offers in the mail to lower our payment through an “FHA Streamline” option. My wife has been talking to someone from one of these companys but it kind of makes me nervous. Has anyone else done this?
The comany is Village Capital & Investment LLC. It is supposedly a no-cost refi.

I think I’m going to get her to check out a different source. Non-solicited financial offers make me nervous.

Categories : Q&A



There is indeed such a thing as an FHA Streamline refi. That doesn’t indicate that the mortgage broker offering is good or bad.


Ask your current lender if you qualify for the FHA streamline option. It is an option sometimes but I would never use someone who got in contact with me on a “cold call”.

Tell wife to stay clear of nonsolicitated invitations before you get taken.


If they ask for money for you to streamline, it is a scam. Real streamlines do not even require an income statement or credit check.


Real streamlines do require documentation such as income statements and credit checks, even if its a refi. The require these things to protect themselves. A bank or organization offering refi’s without verifying that you are still credit worthy, even when you’ve qualified before (because it could have been years ago) aren’t protecting themselves, even when the government secures those loans. I think you should check with your current lender and work with them if possible. If you are unhappy with them, ask friends who have good money habits for their recommendations.

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