The new fha loan guidelines are lower across the board. What do I do if I have an existing fha loan and want to do a streamline refinance? Do I still qualify for this streamline refi? According to HUD, if you have an existing fha loan that is higher than the current fha loan limits you can still do a streamline refinance.
What Do I Need To Do To Qualify For An Refinance Fha Mortgage?
You do not need to do much to be able to qualify for an fha streamline refinance. Actually you just need to sign the 1003 mortgage application. Your credit score is not a factor as well as an appraisal in an fha streamline mortgage refinance. It is one of the simplest mortgages to refinance.
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