Yes! An FHA Streamline refinance will help you reduce your monthly payments. It is actually a very easy process to qualify for on this type of loan.
There is NO appraisal required! If your home is under water, it is not an issue.
All we look at on you credit report is is to see if you paid the mortgage on time.
We have NO MINIMUM CREDIT SCORE with this type of loan!!!
This goverment insured loan program was designed to help home buyers lower their monthly payment. You do have to save at least 5% when comparing your current P&I & mortgage insurance against your new loan. But with rates this low, we are helping many families.
Please feel free to contact me if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!... more