Solid Refinance Opportunity for FHA insured Property Owners

The Obama administration's new plan to stimulate refinancing's of FHA mortgages is likely to help large numbers of homeowners - even those who are deeply underwater.

To Qualify you must:

• Your current home loan must be FHA-insured and must have been put on the Federal Housing Administration's books no later than May 31, 2009.

• You also need to have an unblemished record of on-time mortgage payments for the last 12 months. Maybe you were late occasionally a couple of years back. That's OK. But the last 12 months need to be pristine.

• Your refinancing must provide you a net savings of at least 5% in your monthly principal, interest and mortgage insurance payments if not you will not be eligible for this program.

If you Qualify:

• No new verifications of your income or employment status. If you've been paying on time for a year, the presumption is that you've got the needed income.

• No new credit evaluation, credit reports or FICO scores.

• No new physical appraisal. The program accepts the appraised value of your home at the time you closed on your current FHA loan as good enough - even if you're now in serious negative equity territory.

• Lowered Mortgage Insurance Premiums.

Think you qualify? This program gets under way in June but we are accepting applications for evaluation before the expected rush on this limited time opportunity. Click on the icon below to start your secured application and we will be in touch to let you know if you meet the FHA guidelines. Get the answer from a top FHA lender in Arizona.