Can I refinance an FHA mortgage with high LTV?

A few lenders out there will have restrictions on LTV, however most lenders doing FHA streamline refinance transactions do not require an appraisal or an AVM (automated valuation model).. They go by the original appraisal amount when you purchased your home.. This is a very easy loan to do, and many lenders do them.. Just a handful don't... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You can do a streamline FHA loan that does not require an appraisal.

Your best bet is to pursue an FHA streamline refinance without an appraisal in which they will use your most recent purchase/appraised value instead of doing a new appraisal.

Absolutely, as long as your payment history on the loan is acceptable and your credit profile fit's the lender's requirements. Let me know if I can help.

Absolutely, but don't take NO for an answer. What you may find is that some lenders will tell you no because they will belimited to 105% LTV and this is without out an appraisal. There are other lenders/investors that will go to 125% LTV without an appraisal so look for one of these lenders. Like the others say is the lender will take the appraised value from the last transaction as the appraised amount and the current payoff is what the new loan amount will be. The difference between this two is the LTV.

Yes you can refinance an FHA mortgage with high LTV. There are options availabel to you for sure, we will just wnat to make sure to address your questions, concerns, and understand your goals in order to find the best available product for you.Give me a call directly and I will be glad to help.Jamie NummerSomerset Lending Corp(248) 686-3542

Yes call me at 734-395-9027 and I will be glad to help you with your loan. Jack C

An FHA streamline refinance will allow you to refinance your loan without an appraisal of the property. So the value of your home will be quoted at the original appraised value, rather than the current value. This will benefit you if your home's value has declined.

No you cannot.

Yes you can. This is a pretty easy process and highly suggested especially if your current loan is from May 2009 or before. Good luck, I'd love a chance to answer any other questions for you. Mike Silkworth 517 489 2328