FHA Streamline Refinance – No Income, No Appraisal

You read that correctly.  If you currently have an FHA loan you could be eligible for this.  The loan amount will be based on the lessor of:

  • The outstanding principal balance minus the applicable refund of the Upfront Mortgage Insurance Premium (UFMIP) plus the new UFMIP
  • 97.75% of the value listed on the FHA Refinance Authorization
  • The new base loan amount cannot exceed the current mortgage note loan amount

Call now for more details at (754) 214-7449.  Now is the time to act because the fees on FHA loans will be going up – FHA To Collect MIPs for life of mortgage