FHA Streamline Refinance Guidelines Tighten | FHA Streamline Refinance

Rate and Term Refinancing with FHA

No cash back is allowed with FHA streamline loans and you must already have an FHA mortgage with your current 1st mortgage. You will enjoy the automated loan process that FHA streamline loans provide. Take a minute and find out how much you can save with a fixed FHA mortgage rate for 30-years.

FHA Streamline Refinance for the Lowest FHA Rates

We are an FHA lending company that specializes in FHA streamline refinance loans. Our lending team understands the needs of FHA borrowers and how FHA streamline refinancing works, so you will get the best mortgage rate and great advice to maximize the FHA loan programs.

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Sep
24

FHA Streamline Refinance Guidelines Tighten

By admin

The lack of reserves for FHA loans prompted changes to the HUD’s credit policy and the hiring of a new chief risk officer for FHA mortgage lending.  HUD announced they were reviewing an expected shortfall in the Federal Housing Administration’s capital reserve ratio.

Among the revised guidelines are new requirements for FHA streamline refinance loans.  The FHA Streamline product is an exclusive refinance option for borrowers who already have FHA mortgages and it can be used for rate and term refinance transactions only.

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Categories : FHA News, HUD News, Mortgage News

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