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FHA Streamline

FHA Streamline Refinance: Getting Tougher To Do

by Justin McHood FHA Streamline Refinance Program

FHA Streamline Refinance guidelines have changed and gotten more strict. Now you must provide income, asset and employment information as well as get an appraisal done when financing closing costs.

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FHA Refinance Streamline: More Information

by Justin McHood FHA Streamline Refinance Program

One of the things that we have been playing with is setting up individual micro-sites that will expand out information about a loan program. One of our recent efforts about the FHA refinance streamline program seems to be getting some traction and people are finding it useful.
How many micro-sites are needed for individual loan programs? [...]

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FHA Streamline Refinance: When Can You Lock Your FHA Streamline Rate?

by Justin McHood FHA Streamline Refinance Program

Many people are taking advantage of the FHA streamline refinance program because interest rates are significantly lower than they were when they took out their FHA loan.
When doing an FHA streamline refinance, when can you lock your loan?
Each lender is different, but generally speaking, you must have completed an application and provided the required documentation [...]

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The FHA Streamline Program: Skip A Payment?

by Justin McHood FHA Loans

I was speaking with someone today about the FHA streamline program and they asked me the following question:
“When I go through the streamline program, do I get to skip a payment?”
To which I replied:
“Technically, you are allowed to defer a payment when you participate in the FHA streamline program, but we officially can’t call it [...]

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Arizona FHA Streamline Program: 3 Basic Criteria to Qualify

by Justin McHood Arizona Home Financing Options

Arizona FHA Streamline: Who Qualifies?
The FHA streamline is more popular today than it was a few years ago because of the number of people who currently have an FHA mortgage is higher than it has been in recent years.
And if you are currently in an FHA loan, often times your best financial move when rates [...]

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FHA Streamline Rules

by Justin McHood Arizona Home Financing Options

With the recent drop in rates, more people are starting to ask us about refinancing options within the FHA program.  A couple of the recent questions that we received about the FHA streamline program:
Question:
Earlier this year, I got into the FHA program with an FHA Secure loan.  Can I do an FHA streamline refinance?
Answer:
No. FHA [...]

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The FHA Streamline Refinance: 5 Things To Know

by Justin McHood Arizona Home Financing Options

Interest rates have fallen over the last week – to the point where if you are currently in an FHA loan, it probably makes sense to call your mortgage professional about the FHA streamline refinancing options.
The FHA streamline program has been around since the early 1980’s and is designed for people who currently have an [...]

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Arizona FHA Mortgage Refinance Options: Which Ones Are Real?

by Justin McHood Arizona Home Financing Options

FHA Hope for Homeowners, FHA Secure, FHA Streamline, FHA 95% Cash-out, FHA 203k Streamline, FHA Short Refinance… these are all “real” options for people who are currently in an FHA loan and looking for FHA refinancing options.
Supposedly.
Some are more real than others.
Let’s start with the “most real” FHA refinance programs and identify who can benefit [...]

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FHA Streamline Program: No Appraisal Required

by Justin McHood Arizona Home Financing Options

One of the benefits of the FHA loan program is that when interest rates dip, you can easily take advantage of lower interest rates without having to completely re-qualify for a new loan.
If you are currently in an FHA loan and your interest rate is over 6%, it currently makes financial sense to speak with [...]

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