This is the go-to program for homeowners who currently have an FHA mortgage. With an FHA Streamline you can refinance your existing FHA mortgage and decrease monthly payments without the income and appraisal documentation that are required in standard refinance programs.
- Financing up to 96.5%
- DTI up to 55%
- No appraisal is needed to apply for streamline refinance FHA program
- Up to 6% of closing costs can be contributed by the seller
- Loan amount up to $765,600 depending on home location
- Available on primary residence and second/vacation homes.
- Condo financing available
- Min. FICO 660
- Up to 89.99% LTV
- 15 & 30 Year Fixed up to $3mm
- Cash out up to 89.99% LTV
- Manual UW for over $2mm
- DU Approve/Ineligible
- No Mortgage Insurance required
- Primary, Second Home and Investment properties are allowed
- Purchase, Rate/Term Refinance and Cash Out Refinance
- Delayed financing is available up to 180 days
- No Overlays on Reserves, Credit and Tradelines – per DU
- Income as per DU
- FICO 580
- 90% LTV
- Loan Amount up to $4mm
- Max Cash in hand $1,000,000, no limit for LTV < 55%
- Cash out up to 80% LTV
- Traditional Income
- 2Y Credit Event allowed
- Super Prime & Prime Programs
- Condo up to 90% LTV
- Condotels allowed