I need a lender who will do an FHA streamline on a FHA-HAMP with a partial claim in Indiana....

Based on FHA guidelines, there's nothing preventing your scenario from getting approved, however FHA only insures loans.. Those with the $$ will most always have additional guidelines, called overlays.. The one overlay that I see consistently with every lender I deal with is.. None will do a refi on a modified loan where the borrower used a government program (HAMP), or where there was a principal reduction. Our company is signed up with 35 different lenders, and not one will allow your refi scenario, so those here saying they can help, I would question them and ask.. "Have you ever got one of these approved and closed?"... There might be a lender out there allowing for them, but if there is, I'm not aware of them.. 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

We don't offer every program under the sun, so we don't have to worry about investor overlays. I don't see any restrictions on our FHA streamline product based on your details, so I'd be willing to take a crack at it. Kurt J. FiechPlatinum Home Mortgage Indiana BranchNMLS#888289765-337-4895 Cell / Text

Good Morning! If you can send me specific information relating to your "partial claim" offline, I can present this to an Underwriter today to see what they say. The rest of the file would have to be in line with on time mortgage payments, credit score, etc. I'd be happy to help if you need it. Thank you!

I believe I can offer this in Indiana as long as there are no late payments on the mortgage in the past 2 years, but would want to know the details and specifics of your "partial claim". It may not be the credit report but the government CAIVERS system that could trip your loan up so I would order that quickly before going too far with your loan. Also, have you checked with your current lender? I have a feeling this may be difficult to do but it's worth trying - there is no cost.

FHA is basically insurance that lender get on loans. Lender still have risk, so almost all lenders add their own overlays to the basic FHA insurance guidelines as they see fit for their own risk tolerance. Credit score overlays are the most common. Refusing to refinance a previously modified loan is another. www.FHA-Streamline-Refinance-MN.com