Is An FHA Loan Hard To Refinance?

Are FHA loans hard to refinance?  Fha loans are probably the easiest of all mortgages to refinance.  An Fha streamline refinance requires no income documentation, appraisal or credit score to qualify.  It is basically a no documentation loan.  Your mortgage must be current at the time of the refinance.  You can have been late in the past, the kicker is that it must be current at the time of refinancing.

Just because you have to provide no documentation does not mean that you get it for free.  You will still have to pay closing costs.  Closing costs can not be rolled into an fha streamline refinance.  Closing costs need to be paid at the funding table.  Your mortgage broker should be able to give you a Good Faith Estimate of what it will cost to streamline your fha loan.

Fha Streamline Refinance Info

My FHA Loan Balance Is Higher Than The New FHA Mortgage Guidelines, Can I Still Do A Streamline Refinance?

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.

FHA Streamline Information

How Do I Get A Lower Interest Rate On My FHA Loan in Arizona?

How Do I Get A Lower Interest Rate On My FHA Loan in Arizona? Luckily there is an easy solution for this.  If you already have an existing FHA mortgage you can do what is called a streamline refinance.  You do not even need to give your bank asset or income documentation.  You just need to sign the loan application and you are approved.  You can save yourself hundred if not thousands of dollars by lowering the interest rate on your fha mortgage.  Whether you live in Gilbert, Scottsdale, Phoenix, Chandler, Mesa, Avondale or Glendale you can refi out of your FHA loan into a new one.  Doing an FHA streamline refi in Arizona is just like doing a no documentation loan. You do not even need a job to do an fha streamline refinance.

Call Dave at toll free 1-888-368-6668 for more information on a streamline refinance.