Is the FHA Refinance Streamline Loan dead in Tucson Arizona?


 

By Joseph Small

Is the FHA streamline refinance loan dead in Tucson Arizona? Not by a long shot and here is why: On June 11, 2012, there will be some changes to the FHA streamline loan. These changes will be huge. The annual mortgage insurance (what you pay monthly) and upfront mortgage insurance premium will be drastically reduced, which will give you bigger savings. Now these changes will only be available to those refinancing with an FHA loan that is current with no mortgage lates in the past 12 months and was endorsed by the FHA prior to May 31, 2009 (check with us if you aren’t sure).

Refinancing with an FHA streamline loan does not require an appraisal, so your property value does not come into play. Even if you think you are upside down… it will not matter. The process is streamline, which is less documentation than a normal refinance.

There are a lot of people in Tucson and throughout Arizona with an FHA home loan with high interest rates compared to today’s historically low mortgage rates. With these new changes and the low interest rates could help them save big time on their monthly payments. It is estimated that the average homeowner will save almost $3,000 a year. Is the FHA Streamline Refinance loan dead in Tucson?

So if you have an FHA loan that meets the above criteria, then just give our team a call or click the apply now button and we get the process started for you right away. And please share this information with your friends, family and co-workers.

Note: All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice.
 

Joseph Small and his team at Guild Mortgage Company are your FHA refinance loan experts in Tucson,Arizona. Give them a call today! Also proudly serving Sierra Vista, Green Valley, Sahuarita and Nogales Arizona.


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One Response to “Is the FHA Refinance Streamline Loan dead in Tucson Arizona?”

  1. Viola Says:

    Thank you informing the public about this refinance program. I know several people with FHA loans and I know they would like to lower their payments. Again, thank for letting all of us know.

    And by the way, I like the video.

     

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