FHA STREAMLINE REFINANCE: SERVING CALIFORNIA ONLY.
FHA Streamline Refinance - no credit qualifying, no appraisal and record low rates. Inquire rate and terms today.
The FHA Streamline Refinance is designed to lower the interest rate on a current FHA Home Loan or convert a current FHA adjustable rate mortgage into a fixed rate.
An FHA Streamline Refinance can be performed quickly and easily.
It requires much less hassle and paperwork than a normal refinance including no appraisal, no qualifying debt ratios and no income verification.
FHA Mortgage Insurance premium has been lowered from 1.35% to 0.85% as of today 1-26-15
Streamline refinance your FHA mortgage to lower your mortgage insurance today.
HUD just recently reduced the monthly mortgage insurance premium from 1.35% of the loan amount to 0.85% of the loan which could be a substantial monthly savings for you if you were to Streamline your FHA mortgage right now.
The FHA Streamline program does not require an appraisal and in many cases no income or credit qualifying. The new loan amount is not any higher than your current loan amount so this is a very simple process to accomplish this savings. Rates are very good right now too. Please let me know if you have any questions. CONTACT ME
If you would like a "cash out" refinance
It will all be determined by your credit profile, debt to income ratios, fico scores, LTV, loan program choice and rate and terms.
You may even have enough equity to refinance to a conventional loan with NO Mortgage insurance at all.
DO YOU NEED CASH-OUT REFINANCE?
Streamline FHA Refinance – Key Features & Benefits:
- Appraisal is no longer needed for an FHA Streamline refinance
- Income or DTI ratios are no longer calculated for an FHA streamline refinance
- Minimum credit scores are no longer required for an FHA streamline refinance
- Lender will refund your escrow/impound account
- Skip one mortgage payment
- Reduced lender fees
Sheryl Arndt, Broker/Loan Officer DRE# 01140252 NMLS# 297251
Paid Your Mortgage Payment on Time for Last 12 Months - Streamline Refinance, APPLY NOW
*You must have made your last 12 mortgage payments on time to qualify for an FHA streamline refinance in California.
Ask about SHORT REFINANCE with principal reduction or HARP 2.0 also.
Another alternative is a Short Refinance. This allows the homeowner to refinance their existing mortgage of any type or LTV into a standard FHA mortgage at today's market value of the property. The existing Lender must agree to take a short payoff at an amount that will allow closing costs to be added culminating in 97.75% of the current value of the home.
EXAMPLE: Mortgage Balance $300,000
Closing costs 4,000
Current Value 200,000
Closing costs - 4,000
Payoff to Bank 191,500
SHORT REFINANCE, Princpal Reduction Refi? YES, WE DO THEM AND THEY ARE FOR REAL.
SAVED ONE HAPPY CLIENT $280,000 Principal Reduction
Sheryl Arndt, Broker/ Sr. Loan Officer is providing Streamline Refinance home loans for: Los Angeles County, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Brentwood, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, Madera County, Chowchilla, Madera, Marin County, Belvedere, Corte Madera, Fairfax, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, Tiburon, Mariposa County, Mendocino County, Fort Bragg, Point Arena, Ukiah, Willits, Merced County, Atwater, Dos Palos, Gustine, Livingston, Los Banos, Merced, Modoc County, Alturas, Mono County, Mammoth Lakes, Monterey County, Carmel, Del Rey Oaks, Gonzales, Greenfield, King City, Marina, Monterey, Pacific Grove, Salinas, Sand City, Seaside, Soledad, Napa County, American Canyon, Calistoga, Napa, St. Helena, Yountville, Nevada County, Grass Valley, Nevada City, Truckee, Orange County, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin , Villa Park, Westminster, Yorba Linda, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Plumas County, Portola, San Bernardino County, Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Fontana, Grand Terrace, Hesperia, Highland, Loma Linda, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, Twentynine Palms, Upland, Victorville, Yucaipa, Yucca Valley, Riverside County, Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Coachella, Corona, Desert Hot Springs, Hemet, Indian Wells, Indio, La Quinta, Lake Elsinore, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Sacramento County, Folsom, Galt, Isleton, Sacramento, San Benito County, Hollister, San Juan Bautista, San Diego County, Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Oceanside, Poway. 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