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Refinance Investment Property with FHA Streamline Program
FHA Mortgage Loans are generally only available to folks who are going to live in the property – the EXCEPTION is if you already own the home, and you want to refinance it.  If you purchased a home with a FHA mortgage, then moved out, and are renting it (so now it’s Investment property) you might be eligible for a Streamline Refinance.  
We can close a  FHA Streamline Refinance of Investment Property.
Obviously, the benefit of the FHA Streamline is greater for folks who purchased the home, and have a loan that was endorsed by FHA prior to June 1, 2009.
FHA STREAMLINE REFINANCE Program Guidelines The FHA Streamline Refinance Program Guidelines are EXACTLY the same for Owner Occupied and NON Owner Occupied (Investment Property).
No Appraisal Required No Pay stubs or W-2′s (In North Carolina by law we are required to verify income, but we do that with a Verbal verification that you have employment) the loan amount can not go up, so you can’t finance in closing costs anyone who was originally on the loan – must remain on the loan FHA Has a Net Tangible Benefit requirement, meaning we’ve got to show it will save you money You must be current ... more

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