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

Documents Needed

FHA For FHA Streamline refinance required paperwork was cut to the bare minimum:

  • Copy of Social Security card and Drivers License (required for all borrowers).
  • Copy of Green Card (both sides) – only if you are not US citizen

Standard requirement for all FHA insured loans.

  • Copy of mortgage Note, Deed of Trust and Final (HUD1) Closing Statement (all pages).

It is needed to locate FHA case number listed on either one of these documents. FHA case number is government insurance policy number for your home loan. It is required to order new FHA case number when refinancing your previous loan and to calculate correct refund on your previous MIP.

  • Copy of Property Hazard Insurance Policy.

Required to calculate new impounds and new monthly payment, also update policy with new lender information.

  • Current mortgage statement or coupon

Required to request payoff information in order to quote accurately new monthly payment.