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How To - Refinance a Streamline FHA Loan
FHA Streamline Refinance is a rate reduction Loan program for FHA mortgage borrowers. The streamline FHA program refers to the lesser amount of documentation and underwriting in the process. With a FHA Streamline Refinance loan you do not need an appraisal, a credit check, income verification or employee verification


FHASecure is a new FHA loan program that will give you a refinancing option enacted on August 31, 2007 to assist home owners who are now facing a mortgage default or foreclosure due to the mortgage payment adjustment of their subprime loans.

Streamline FHA Refinance Guidelines

Your Home Loan must be an FHA insured loan Mortgage interest rate will reset between June 2005 and December 2009Homeowners need three percent cash or three percent equity in the home.Refinance must lower the principal and interest payments of the previous mortgage Mortgage payments must be current Mortgage must be at least 6 months old No Cash Back to Borrower No Income Verification Required No Employment Verification No Pay Stubs or W-2 forms No Termite Report RequiredBorrower must be current on any federal debts Borrowers with a late payment can still qualify for the is program... ... The FHA refinance is to ... more

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