FHA Home Loan Refinance - FHA Refinance

The Federal Housing Administration (FHA) is the government agency that regulates housing industry business and is the largest mortgage insurer in the world. One of the main missions for the FHA is to “maintain and expand homeownership.” That means FHA Loan programs may exist to help you..

                                    Do you have an FHA Loan?
                                    Do you want lower monthly payments?
                                    Do you want a lower interest rate?
                                    Do you want to skip up to 2 monthly mortgage payments?

If you answered yes to these questions then the FHA Home Loan Refinance Program is exactly what you are looking for.

            The advantages of an FHA Home Loan Refinance include:

                        Lower Monthly Mortgage Payments
                        Refund of Existing Escrow Account
                        Skip up to 2 Monthly Payments
                        NO Credit Application
                        NO Appraisal
                        NO Pay Stubs Collected
                        NO W2’s Needed
                        NO Tax Returns Required
                        NO Bank Statements Required

 

Skip Up To 2 Monthly Payments – When you refinance your FHA Home Loan you may be eligible to skip up to two monthly mortgage payments. That is money you can keep in your pocket, use to pay down your mortgage, take a trip, pay off credit cards or what ever you want to do with it.

Refund of Existing Escrow Account – A new escrow account will be established and the money that is in your current escrow account can be refunded to you. This is extra cash in your pocket.

No Approval Hassles – As long as you are currently in a FHA Home Loan, qualifying is simple. Your credit score doesn’t matter, we don’t need an appraisal of your home, you don’t have to find W2’s, tax returns or bank statements and we don’t have to collect 2 months worth of Pay Stubs.

Chapter 13 Bankruptcy? – FHA also has programs that may allow you to refinance your home loan if you are currently in a Chapter 13 bankruptcy. Some of these programs don’t even require you to pay off your bankruptcy. While restrictions apply including but not limited to making the last 12 monthly “chapter 13” payments in a timely manner, this program does not require you to pay off a chapter 13 to get the loan.

What DO you need to be eligible?

You MUST currently have an FHA Loan and CAN NOT have been late on your mortgage more than ONE time in the last 12 months. If you meet these TWO requirements you are eligible for an FHA Loan Refinance. (If you are in a Chapter 13 Bankruptcy you do not need to be in an FHA Home Loan to take advantage of these programs.)

This is a simple, fast program that you need to take advantage of to reduce your rate, save money every month, put money back in your pocket right away and get around the hassle of a conventional refinance.

You can contact us by phone or apply now for the FHA Home Loan Refinance. We can review your application and will be in touch with you by the next business day.

Our online application is 100% secure. We protect all the information that you submit and we would NEVER sell any of the information that you provide on your application. We only use the information in reference to the mortgage application.

Our website is full of mortgage refinance information for you to use. You can find answers to some of the most commonly asked questions in the FAQ, calculate how long it will take to start saving money when you refinance your home loan with our calculators or go straight to our on-line application to start the pre-approval process.