California FHA Streamline Refinances- improved optons for 2012 available now - we have no current Lender Restrictions!
We do not restrict you from qualifying for a FHA or FHA Jumbo Streamline refinance with us based on your current Lender. We will approve you based on your qualification, not who is your current Lender.
VanDyk Mortgage allows you to streamline your FHA Loan, even if it exceeds the current FHA Loan limits.
Improved Options for California FHA Streamline Refinances are here. The Whitehouse authorized changes to the FHA Streamline Refinance Program are now available. These FHA Streamline Fee reductions will help many California Homeowners with FHA Loans made prior to June 1, 2009 save hundreds per month. Some major Lenders have announced additional restrictions on FHA Streamlines. They no longer allow you to refinance your FHA Loan with them using a FHA Streamline, unless your current FHA or FHA Jumbo Loan is with them (ie Wells Fargo among others).
The options for FHA Streamlines for California Homeowners have been prohibitive the past couple years due to increased FHA Mortgage Insurance rates. The new FHA Streamline Changes reduce fees for FHA Streamline Borrowers. The new program will reduce the Upfront Mortgage Insurance Premium (UFMIP) to .01% (that is less than $75 on a typical FHA Loan). But there is more to report: the annual Mortgage Insurance Premium is being reduced to .55% for FHA Streamlines and FHA Jumbo Streamlines from a previous level of 1.25%. This will result in Huge Savings for homeowners that take advantage of a FHA Streamline Refinance.
FHA Jumbo Loan amounts (those over $417,001) are fully eligible for the reduced .55% MIP rate and negligible UFMIP rate of .01% ($72.79 on a $729,750 FHA Jumbo Loan amount).
These changes to FHA Streamline and FHA Jumbo Streamline rules will open the door for Homeowners with FHA Loans in California to save hundreds per month in most cases.
Call us for a free quote to see how much you can save. 866-900-2342 toll free.
VanDyk Mortgage is a Full Eagle Direct Endorsement FHA Lender, the highest level of approval from HUD. We have been making FHA Loans since 1987, and would be proud to help you as well. We service all of California and Washington State, including San Diego, California, San Jose, Sacramento, Riverside, San Francisco, Oakland, Ventura, Orange County, Seattle, Spokane, Tacoma, Everett, and every other city within these great states.
Call today to get started 866-900-2342 - Toll Free direct. Or apply securely online 24/7 –www.vandykfunding.com/loanapplication
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