FHA Streamline Refinance – No Income, No Appraisal

Justin MillerNo CommentsFHA Loans, Refinance

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