As Steve said streamline refinances are for borrowers with existing FHA loans. There are 2 types, one with and another without appraisal. If no appraisal then the new loan amount can not be any higher than the original loan amount (except for the new up front mortgage insurance). If you get an appraisal you can roll in the costs of the loan. The great thing is streamlines do NOT require ANY income or asset documentation and in most cases your credit is not looked at. They can be a good way to drop your interest rate down to market. You just have to look at the costs of the refinance and then how much you saving in interest with the lower rate. See if it makes sense.... more
Ken's answers are great resources - but I have always preferred to contact the local Real Estate agencies. For instance, Prudential has an agent dedicated to Rentals & Leases. Since you are a student with probably limited resources and if you are new to the area - you should contact the agent if nothing else to get input on the areas that would suit you.
This is a service we provide - typically without charge to you. Craigslist and other sites are great if you know your area. If you are new to the area - please seek the assistance of a professional. As always, safety is my #1 concern and I would hate to think you are going it alone in unfamiliar territory.... more