FHA Streamline Mortgages
My name is Ramazan Sinani, I am your local Residential Loan Officer at Northeast Financial here in Middletown, Connecticut. Today I would like to inform you about FHA Streamline Refinance Loans and how they work!
First of all, FHA streamline refinances offer many benefits and they are very easy to qualify for due to the minimal requirements.
In addition, this type of FHA refinance doesn’t require you to have an appraisal. Which in turn saves borrower roughly $400.
FHA Refinance Requirements:
– You need to already have an FHA Insured Loan.
– And you must have a minimum credit score at around 600.
– Debt to Income is not an issue as long as you are employed.
– No Appraisal needed.
– You must be current on your present mortgage payments.
– And refinancing MUST show that is will be lowering your monthly payments.
Finally, if you are looking to refinance your FHA Home Loan into a lower rate please contact me today! I will work with you every step of the way in order to accomplish your goals. I look forward to hearing from you.
Mortgage Loan Originator
NMLS: 1590862 Company NMLS: 117273
Cell: 203-695-6858 Fax: 203-413-6240