Government Loans, FHA, FHA 203K, FHA 203, FHA Streamlines, VA, Reverse Mortgage, Manufactured Homes, New Purchase
Homeowners enjoy the benefits of investing in their property year after year. For some, there comes a time when that investment can come in handy. Refinancing with an FHA loan can prove to be an effective way to put that equity to work. Keep in mind that FHA refinancing is only available to homeowners who are currently using their home as their principal residence.

FHA options to homeowners who are considering an FHA refinance mortgage:

FHA CASH-OUT REFINANCE
This refinancing option is especially beneficial to homeowners whose property has increased in market value since the home was purchased. A Cash Out refinance allows homeowners to refinance their existing mortgage by taking out another mortgage for more than they currently owe.

FHA STREAMLINE REFINANCE
This refinancing option is considered streamlined because it allows you to reduce the interest rate on your current home loan quickly and oftentimes without an appraisal. FHA Streamlined Refinance also cuts down on the amount of paperwork that must be completed by your lender saving you valuable time and money.

FHA LOAN REQUIREMENTS
The FHA asks for a lot of information on your FHA loan application. You will need to provide the FHA with a wide range of details including:

  • All addresses where you have lived in the previous two years.
  • Your employer's name and addresses for the last two years, plus the amount of your Gross Monthly Salary.
  • W2s for the past two years.
  • Income tax forms submitted for the last two years.

Gather all of this before you begin your FHA application so you will have everything handy to complete your FHA loan forms at one time.
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Government Loans  -  FHA  -  VA  Purchase and Refinance Loan Programs