USDA Pilot streamline refi program now available 6/27/2013

must provide proof the loan is currently a USDA loan(the previous HUD 1 would indicate a USDA guarantee fee on pg. 2, or you can requet proof from USDA)

no mtg lates last 12 mos.

640 minimum FICO

no cash out to borrower permitted

minimum of 1.0% rate reduction(must provide mtg note to verify previous rate)

30 yrs. only

no inspections, appraisals, no ratio(only income eligibility must be calculated-no qualifying income), no credit qualification(only mortgage rating and fico scores required)

ability to finance closing costs

only verbal voe required

Direct w/ GNMA call Craig 714-222-8364