What fees can I expect to pay for an FHA streamline refinance?

Closing costs in general are lower on refi's than on purchase transactions... that being said, FHA streamline fees, with the exception of the 1.75% up front MI fee, should be no different than any other type of refinance... 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

Typically the only discount you get is a few hundred dollars on the underwriting fee. So avg. would be around $500 for the underwriting fee instead of $800-$900. Other than that anyone claiming more of a discount usually will get you in the rate by raising it 1/8 or a 1/4. I would be glad to help you in MD. I do a lot of FHA Streamlines. P: 888-320-7888 or feel free to e-mail me with any questions at ken@mortgagesforamerica.org We are a non-profit which enables to keep our fees and rates lower than most companies.

The big question on savings depends on when you took out your current FHA mortgage and what type of streamline you are you doing now, as there are a few different types. Your up front PMI fee could be much less as well as your monthly MI fee could be less, those are the biggest savings on a streamline if you qualify. The only other savings is you can do a streamline without an appraisal which will save you that cost. If you'd like to know more give me a call or email us 201-962-3555 or Team@BestMortgageOption.com and we'd be glad to tell you your options.Ask for Michelle or Benny

Our company just came out with a Closing Cost Discount that I can share with you, subject to restrictions. If you want to reach out offline, please feel free. There is no obligation to use my services, but a conversation would certainly be well worth having! Thank you!

1) If FHA insured your loan prior to 6/1/2009, and your credit is good, then Zero points, Zero fees, Zero title co costs, Zero property tax and escrow costs.... and so zero time to recoup the costs.2) If FHA insured your loan after 6/1/2009, FHA will charge the 1.75 points up front and charge expensive monthly mortgage insurance. Because of the 1.75%, there is a time to recoup costs. I can provide you with a spreadsheet. All other items above still hold. Scott 443-829-2210

The fees to refinance are minimal. In many cases, most of the closing cost of my recent streamline customers has been paid by the lender. I would be happy to put together a Good Faith Estimate for your review. Call me at 571-228-4537 or email me at rthompson@mcleanmortgage.com.

The fees are the same as any other refinance. It is how you pay for them. On most FHA Streamline refinances, we increase the interest rate slightly to completely cover, or almost cover all of your closing costs. In MN or WI, visit www.FHA-Streamline-Refinance-MN.com

You can do it without any fees being paid. The lender can cover them all if you want him to. There's no appraisal either.

This is a great question and some great information in the posts from other members. The UFMIP (the 1.75% referenced above) may be lower depending on when your loan was taken out. If your loan was closed withing the last 3 years you may have a rebate of the the unearned UFMIP. Your 2nd series of taxes were more than likely already paid from your existing servicer, so you would need to set aside at least 3 months for taxes and enough for your insurance escrow. You may also be able to get a reissue rate on your title insurance, however there will be other title work and closing costs. Also most lenders will charge a processing fee and underwriting fee. The Lender fees, Title fees, UFMIP should be close between most lenders, however who pays for those fee is very important. We are a local office in Westminster and Most customer choose options where we offer a rate credit to offset these closing costs. It is a GREAT idea to shop around, Please consider us when doing so. We do offer a free consultation in our local office and will spend the time discussing your options. We also have evening hours if needed. Our website is www.carrollcountymortgage.com and my office number is 410-386-0623. Thanks Byron

Especially if you qualify for the streamline you should shop around. I am only licensed in IL but have closed several FHA streamlines where there was enough lender credit to not only cover the lender fees but the ufmip and in many cases the escrow reserves as well. Several times I was also able to have so much credit that after covering all these there more left over which was used to do a principle write down. Meaning, that there new loan amount was less than the current payoff. All of this with a great rate. Shop around!

I can do an FHA refinance for you with no closing costs, call me ASAP 443/471-4339, my office is in Owings Mills.