Tag Archive | "fha streamline refinance"
California FHA Streamline Refinance Without Appraisal Just Got Easier
California FHA Streamline Refinances without an appraisal just got easier to accommodate.
Continue reading...FHA UFMIP Increase Coming – Buy Eugene/Springfield Now!
Friday, March 5, 2010
FHA's Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Eugene/Springfield Oregon area will increase the current 1.75% to 2.25% on case numbers assigned after April 5. On a $200,000 loan FHA Mortgage Loan in Lane County, this is an additional $1,000 cost. Beating this deadline on a purchase will also qualify you for the First Time Home Buyer Tax Credit if eligible.
Continue reading...Delaware FHA Streamline Refinances – Time is running out
Sunday, October 11, 2009
The FHA guidelines for streamline refinances in Delaware are changing on January 1, 2009. If you want to be able to streamline without having an appraisal, no income verification, no asset verification, and no seasoning requirements then you need to do so before the guidelines change on January 1st. Now is the perfect time to streamline to a lower rate. Rates are at an all time low!! If you currently have a fixed rate of 5.875% or higher than you should investigate if refinancing makes sense. You could save thousands of dollars over the life of the loan. If you are in an adjustable rate mortgage than now is the perfect time to fix your rate. If you currently have a Delaware FHA loan then you can streamline to a lower rate without any income verification, no asset verification, no appraisal needed, and no seasoning requirements on the loan. If you don’t currently have a Delware FHA mortgage loan then you can still refinance for up to 97.75% LTV for a rate/term refinance or 85% LTV if you wish to take cash out of your home. The difference for these two prgrams is that an Appraisal will be required by a Delaware Licensed Appraiser that is approved by FHA. You will also be required to verify income and assets
Continue reading...FHA Streamline Changes Coming To AZ
Thursday, October 8, 2009
For many people who have FHA loans in Arizona, the FHA streamline program has been great because it has allowed them to refinance into a lower rate even if they owed more than their home is worth thanks to the no-appraisal requirements. But that is about to change on November 17, thanks to the new announcement from HUD and as our friend from NJ put it “ They took the streamline out of FHA streamline “
Continue reading...They took the Streamline out of the FHA Streamline Refinance – New Jersey
Saturday, October 3, 2009
The FHA is changing its FHA Streamline Refinance rules! Streamline, not so much!! Effective January 1, 2010, getting approved for the popular FHA-to-FHA refinance program will be much more difficult. Attached is a copy of the FHA Mortgagee Letter dated September 18, 2009. “ R evised Streamline Refinance Transactions “
Continue reading...FHA Streamline Refinance Changes coming to New Jersey ….and Nationwide
Thursday, September 24, 2009
If you have been thinking about doing an FHA Streamline Refinance in New Jersey , you should be aware of the changes that are coming very soon.
Continue reading...FHA Streamline Refinance changes are Coming for Orange County, CA
Saturday, September 19, 2009
Big changes are coming to the FHA Streamline Refinance program that will affect Orange County, CA home owners ability to take advantage of the program.
Continue reading...FHA Announces Significant Revisions to Streamline Refinance Transactions
Friday, September 18, 2009
HUD’s issuance of Mortgagee Letter 2009-32, Revised Streamline Refinance Transactions today. The announced changes may have effectively caused an indefinite hiatus for a popular program for FHA borrowers – the “No-Cost” FHA Streamline Refinance. I’ve provided an explanation of the loss of the “no cost” fha streamline refinance (streamline refinance transaction without appraisal that finances the closing costs into the mortgage) on my blog.
Continue reading...Why I Love FHA Streamline Loans for My Borrowers in New Jersey
Monday, August 31, 2009
FHA “streamlined” loans are friendlier! They don’t require a home appraisal and it does not matter if your home is underwater (meaning the appraised value is less than the amount of money you owe on your mortgage loan). FHA streamlined loans are designed specifically for one thing; to reduce a homeowner’s monthly mortgage payment. There is a catch, only FHA mortgage-holders qualify. Here are some quick highlights: No Income Verification! That’s right, no paystubs or tax returns! No Asset Verification! Right again, no bank statements needed! No Appraisal!!! Wow!! Federal Housing Administration (FHA) streamlined refinancing programs have skyrocketed since last year because it’s easy for a borrower to qualify for one. To qualify you need to currently have a FHA loan and also be current on the payments.
Continue reading...FHA Streamline Refinance Program Continues to Roll in Orange County
Saturday, August 29, 2009
The FHA Streamline Refinance program has been very popular in Orange County in 2009. Interest rates have been low relative to 2008 for most of the year, allowing people who bought their homes only 1 year ago or less to drop their interest rate any where from .5% to 1% or more with having to go through the approval process like they did when they first bought their home
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Thursday, June 17, 2010
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