Current home owners who need to refinance their mortgage have a wide variety of home loan programs available to them. Many are based strictly on credit score. FHA offers excellent home loan programs for home owners of all credit grades and bases approvals on credit profile not just credit score. Talk to your mortgage broker about FHA financing and how it may benefit you.If you want to refinance with a FHA home loan, check with your local consultant at 888-275-6788 to discuss which route you would be best for your individual situation.
FHA loans also will allow for financing on manufactured homes, provided they are on a permanent foundation and built after June 15, 1976. Ask your mortgage professional for details.
While many types of homes are elgible for an FHA refinance, there are refinance options available even if you don't qualify for FHA. Contact a mortgage refinance specialist with experience in helping FHA and non-FHA refinance loans at 888-275-6788 or info@bestnodocloans.com
Having a property recently listed for sale will not automatically disqualify you for FHA Financing. Proof of delisting and a letter of explanation is required.
FHA refinances allow for cash-out refinances up to 95% of the value of your home. There is no minimum credit score requirement, although a good recent credit history is required. Many other loan programs have recently restricted their cash-out lending parameters.
