I would like to do an FHA Streamline Loan Refinance but we owe on my FHA mortgage 113% of the current market value of my house (being underwater). Can this be done and if so who do you recommend for the FHA Streamline since the lenders I contacted will not do this while I am underwater with the FHA mortgage. My credit is Good, not Excellent mainly due to a nearly 10 year old Chapter 7 bankruptcy. I don't want cash out or anything else other than to refinance the current loan and get it away from my current loan service bank. by rcsteinbach774 from , Georgia. Dec 4th 2013
Give us a call to discuss at 800 315 8803. We offer FHA Streamlines. Jamie Lynne, Lending since 1989
Not sure why anyone would tell you that value matters on an FHA Streamline refinance. The whole premise behind the streamline is that it uses the value when you first received the loan - and not current value.Happy to discuss details and to provide you a detailed quote.Local Atlanta lender. Buckhead Home Loans. 404-303-7411. Briggs Cline
You should be able to complete a streamline refinance even if you are underwater on your mortgage. Contact a lender licensed in Georgia to help you explore your options.
you will be OK to refinance using a streamline FHA, no appraisal is required, no income qualifying. feel free to email me with any questionsemarez@thefederalsavingsbank
No new appraisal required on FHA Streamline, so you should be ok.
The whole idea of an FHA Streamline refinance is that you DO NOT need an appraisal. So being 113% is no problem. In MN and WI, go to www.streamline-refinance-mn.com
Your scenario is absolutely allowed and many, many lenders out there will do FHA streamlines without an appraisal or without considering the loan to value.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, credit union, 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
If you are doing a FHA streamline, you should not need an appraisal. They should use the same value as the previous loan. Call me at 678-494-8251 to discuss this further. Nick
you can choose from on of the experienced loan officers here on lender 411.appraised value so not matter on a FHA streamline.
As previous posters mentioned, this should not be an issue. I am licensed in Georgia if you would like to discuss or want a competing rate quote. Rob Hanson email at rhanson@gladewaternational.com or phone at 240-752-7549. Thanks!! You can also go to my website: loansfromrob.com and click on the live chat button to discuss your situation directly with me.
We are licensed in Georgia. Streamlines don't require and appraisal. Give me a call direct at 630-608-0079 or shoot me an email at kevin.ranck@supremelending.com.Kevin Ranck
oopsss.. mixed up two of my email addresses when tying! My correct email is rhanson@gladewaternational.com
Some lenders have their own requirements for appraisals that go beyond FHA guidelines, but there are plenty that do not. I'm in SC but handle loans in GA also and would be pleased to help you. I do not need an appraisal and your credit should not be an issue. Give me a call pretty much anytime at 843-343-6383 or email pdumouchel@primelending.com We are a national mortgage company based in Dallis with 1200 offices around the country and have an excellent reputation.
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