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