What options are there for refinancing a non-owner occupied property?

There are numerous options based on Property Type (ie, single family, 2-4 unit, condo, etc), Credit Score, Estimated Value of Property, Debt to Income Ratios, etc. Also, your current Investor/Owner of your Mortgage needs to be know as there may be specific options you can use if your property has limited or no equity. I can help you directly as I am in Massachusetts and work with a Direct Lender. Let me know if I can help by sending me an offline message through my Profile Page on Lender411! Thank you!

No Problem... FHA allows for NOO refinance, however the maximum amount you can finance is different than if you lived in it.. You should contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide 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

Although it is true that FHA will allow for the refinance of an FHA mortgage that is no longer your primary residence, not every investor allows it. Work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you to the investor with the best program and best pricing. You can find one that serves your area at The National Association of Mortgage Professionals. www.NAMB.org. Use the Find a Broker tool and select your state. Members adhere to a strict Code of Ethics which benefits the consumer. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

In order to give you a realistic answer, I would need to know the property type, your credit score, the current value and your income.Here at PNC Mortgage a Division of PNC Bank, we have many options that may fit your needs. You can call me 863-585-3888 to review your situation.Thank YouVishnu Ramsaran

Hello RHammond. I can do an fha streamline on a non owner occupied property with a 650+ credit score. The final rate and terms will depend on the credit score and loan amount. We offer our customers wholesale rates on the fha streamlines at the Jeff Hutchison team at Emery Federal Credit Union.

William's answer is spot on.

As a follow up, if you do want to use the FHA Insured Mortgage Program, you need to ACT NOW! The Mortgage Insurance Premium Policy is set to change on 4/1/2013. Read my blog for more details on how this could impact you!

FHA allows the refinance of a non owner occupied property without an appraisal. The new loan will cobver the balance of the outstanding principal on the current loan. I am a local mortgage originator and would love the opportunity to assist you with this process. I have offices in Salem and Merrimack NH. I look forward to speaking with you. Thank You!

If the loan on the now non-owner occupied is an FHA, you can do a no appraisal FHA streamline refinance... The reality is there isn't enough information here to provide any sort of realistic answer. Go sit down with a local non-bank Loan Officer. Let them take a full application. Then they can zero in on a few good options for your individual situation. www.FHA-Streamline-Refinance-MN.com

You can do a non-ownwer occupied FHA Streamline REFI with or without an appraisal. if you choose the non appraisal option, your loan amount will basically be limited to the payoff. If you have the appraisal done, you can borrow enough to cover your costs and escrows. Click on the image on the left for my profile page to obtain my contact info.

You need to give more details about the property type, your credit score, your credit and etc but like others have told you, there is a good chance you can do FHA refinance without an appraisal.

Your only option is to go conventional as FHA does not allow financing on investments properties.