FHA Mortgage Refinance Loans with No Cash required for closing costs
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Fixed Rate FHA Mortgage
FHA Streamline Refinance
Cash Refinancing with FHA
Fixed rate government mortgages offer a great deal of peace of mind to homeowners. FHA Mortgage Refinance Loans provides lending solutions with low rate FHA refinancing options for loans with cash and streamline for rate and term refinances. We are an approved FHA lender company who specializes in low rate government refinance loans, like FHA mortgage and FHA streamline.
If you don't need get cash back, FHA allows mortgage refinancing to 96.5% of your home's value. Many non-prime borrowers will get a fresh start with FHA because they allow borrowers with sub-500 credit scores another opportunity to refinance while rebuilding their credit history.
A FHA mortgage can be an appealing solution for many new homebuyers, because the down-payment requirements only require a 3.5% commitment and act now while the interest rates on FHA mortgage loans have hit record lows! See if you qualify for a no cost loan that offers a low fixed interest rate.
Today's rates are low so apply for a mortgage now because tomorrow interest rates could rise on FHA mortgages. If you have the ability to lower your payments by house refinancing, you should seize the opportunity.
FHA streamline mortgage offer an exclusive opportunity for current FHA customers to refinance their loan at any time. There are no pre-payment penalties and FHA borrowers can refinance their mortgage for a lower rate if the market conditions improve. Today's streamline refinance and FHA rates have never been more attractive. FHA refinance loans give consumers the choice for lower interest rates.
There is no cash out allowed in a FHA streamline refinance, but rate and term refinancing is encouraged. FHA streamline refinance loans offer peace of mind that a borrower can refinance if interest rates improve. FHA refinancing is a priceless benefit with the streamline option.
Homeowners can refinance their mortgage up to 97.75% loan to value and the closing costs are typically discounted significantly. You will need a current appraisal that must be completed by an accredited HUD appraiser for an FHA refinance mortgage. Talk to a loan agent today about the streamline. If you got a loan with FHA in the last few years, chances are you would benefit from refinancing. Borrowers like the ease of streamline loans and with the rates being reported near all-time lows on fixed 30-year products, there may never be a better time to select a mortgage insured by FHA.
Homeowners have a unique opportunity to get access to cash by using their home as collateral. Now you can get cash back with FHA loans that enable home refinancing with bad credit. HUD announced that the FHA refinance loan product would continue to offer cash back with FHA 203B and funds for home rehabilitation with 203K loan options.
FHA provides an opportunity for cash back refinancing and enables borrowers to combine 1st and 2nd mortgages together for lower interest rates and reduced monthly payments. Cash back refinance loans also allow homeowners to consolidate credit card debts and high rate loans that are adjusting.
Many people like the cash back loans from FHA because it raises capital they need to finance home improvements and remodeling for fixer-uppers. Consider cash refinancing because home equity loans are difficult to find these days, because of the high percentage of loan defaults from the subprime mortgage crisis. As long as you have a fico score above 500, there is a chance you could be approved for FHA mortgage with bad credit.
Keep in mind that loan quotes are provided by licensed FHA mortgage lenders at no cost and there is no obligation. Take a few minutes and compare refinance options from America's top lending sources online.
FHAMortgageRefinanceLoans.com is an advertiser supported site providing refinancing info to consumers free of charge. Use of this site constitutes acceptance of our privacy and disclaimer policies. By clicking "submit query" you are allowing your info to be shared with one to four finance agents and other business partners and for them to contact you (including autodialing, text & pre-recorded messaging) via telephone, mobile device and email, even if your telephone number is currently listed on any state, federal or corporate Do Not Call list. - Disclaimers
*3.25% is quoted under the FHA refinance program for a loan amount of $215,000. APR is 3.43% and the closing costs are $1,995. The monthly payment is $935.69 and the interest rate is fixed for 360 months with no penalty for early pay-off. (9-22-12) If the borrower chooses to finance their closing costs, it would be added to their mortgage balance. FHA refinancing under the streamline program does not allow for the borrower to finance the closing costs, so in that case, the borrower would be required to pay $1,995 at the time of closing. FHA mortgage rates displayed are subject to change available loan information can provided by the lending companies directly after application is submitted for further underwriting review. FHA rates are a reflection of the current interest rates offered by participating FHA mortgage lenders. The FHA Mortgage Refinance Loan Company is not directly affiliated with any government agency. We provide an online marketplace for consumers searching for government loans, FHA mortgage products and HUD resources. We are affiliated with HUD approved FHA lenders, but cannot make loans on the website directly. Loan limits are set by county by HUD each year. If you would like to contact HUD directly please visit their website online. We do not make the guidelines for FHA, Home Affordable Refinance Program and Obama Mortgage Plan. Not everyone will be approved for a bad credit FHA mortgage loan, as requirements include acceptable fico scores, loan to value and debt to income ratio as deemed by DE underwriter and FHA guidelines.