Bank of America FHA Streamline Refinance

When rates are low, many people want to refinance. And for those people who are in a FHA loan, the FHA streamline program is something that they can take advantage of to help lower their rate and decrease their overall mortgage expense. Bank of America is one of the largest lenders in the US and they have plenty of people who currently make their payment to them each month - AND - they do a … [Read more...]

Arizona FHA Streamline Refinance in 2012


Thinking of refinancing? You’re not alone, many people are looking to refinance with an FHA Streamline Refinance Program and they all have similar questions. There has never been a better time to utilize the benefits of an Arizona FHA Streamline Refinance program. You can benefit from; Lower Interest Rates Lower Mortgage Insurance Lower Monthly Mortgage Insurance Premiums Everyone … [Read more...]

FHA Streamline Refinance: Getting Tougher To Do

Recently it was announced that changes were coming to the FHA streamline program -- and the changes that were announced won't make it any easier to get an FHA streamline done. According to the official announcement from HUD, the FHA streamline qualifying rules will change effective November 17, 2009. Prior to the announcement, the FHA streamline refinance was popular with FHA borrowers … [Read more...]

FHA Streamline Refinance: No Longer Easy?


The FHA Streamline refinance was originally created by HUD to "make it easy" for people who currently had FHA loans to be able to take advantage of lower interest rates when they were available without having to completely re-qualify for a new loan. Recently, many lenders now require credit scores of 620 if you want to do an FHA streamline refinance -- many, but not all. Here is an example … [Read more...]

The FHA Streamline Refinance: Do You Need A 620 Credit Score?


I have had more than one call recently from someone asking me a question similar to: "Do I need a 620 credit score for the FHA streamline program?" And I am happy to report that my answer a.) is accurate as of today and b.) is generally the answer they are looking for. I don't remember the last time that someone with a credit score of 740 called me and asked me "hey, do I need a 620 … [Read more...]

Arizona FHA Streamline Refinance: No Credit Score Required

For as long as I can remember, the Arizona FHA streamline refinance has been a no income, no asset, no credit score loan - meaning, you didn't fully have to re-qualify for a new loan, you were able to streamline the documentation needed in order to qualify. Recently, many lenders have tightened their guidelines where credit scores are being required on an FHA streamline refinance - where the … [Read more...]

REBarCamp Phoenix – No Loan Officers Allowed


Ok, so if you are a mortgage professional, delete this from your reader and act like you never saw it. One loan officer is more than enough to have at the upcoming REBarCamp Phoenix being held April 23rd at Scottsdale Stadium. It costs too much for you anyway - so it probably just doesn't make sense for you to go. Now that we have gotten rid of the loan officers in the room. If you are a … [Read more...]

Arizona FHA Loans: Most Lenders Now Requiring A Minimum 620 Credit Score For Arizona FHA Loans

Arizona FHA guidelines are getting tougher. If you are interested in getting an Arizona FHA loan, most lenders are now requiring that you have a minimum of a 620 mid credit score. For many people who are currently in an Arizona FHA loan and are thinking of refinancing by taking advantage of the Arizona FHA streamline program, the mid credit score requirement of 620 will pose a problem. Up … [Read more...]

FHA Refinance Streamline: More Information

One of the things that we have been playing with is setting up individual micro-sites that will expand out information about a loan program. One of our recent efforts about the FHA refinance streamline program seems to be getting some traction and people are finding it useful. How many micro-sites are needed for individual loan programs? I don't know for sure, but we build them so that there is … [Read more...]