FHA Loan Blog – Read the latest HUD news with update on FHA mortgage rates.
Streamline FHA
FHA streamline loans are available for FHA customers who currently have a FHA mortgage that has not been delinquent in the last year. In 2009, FHA mortgage rates have continued to drop to record low proportions. Streamline FHA loans provide the rare opportunity for FHA borrowers to get a quick refinance loan if the FHA rates drop to a level that would lower their mortgage payment monthly.
Get More info from FHA Loan Experts for New Home Buying or Mortgage Loan Refinancing No Cost and No Obligation to Apply.
3 out 4 applications are approved.
No cash out is available with FHA streamline loans and a clean mortgage history over the last 12 months is essential. FHA credit requirements continue to maintain the most flexible guidelines for bad credit and lack of equity.