Federal Housing Administration Loans
Federal Housing Administration (FHA) Loan requirements and guidelines cover things like mortgage insurance, lending limits, debt to income ratios, credit issues, and closing costs.
“The FHA refinancing option is considered streamlined because it allows you to reduce the interest rate on your current home loan quickly.” –FHA.com
Obviously the most common reason for a refinance is to reduce your mortgage payment.
It’s important to talk to experts like Branch Manager and Loan Officer Michael Shotnik about your options and qualifications to best meet your needs.
“FHA Streamline is a very easy refinance. With no income documents and no appraisal, your rate can be improved to reduce the mortgage payment. Depending on qualifications, the refinance can be offered at no cost.” – Michael Shotnik
There are several different FHA loans. The best course of action is to discuss your financial situation with a professional and get started saving money on your mortgage.
FHA for Home Buyers
FHA loans are a good way for borrowers who qualify to get lower down payments and more flexible qualification requirements. Contact us today to talk with a loan officer to see if an FHA loan is right for you. 303-800-4595.
Have more questions?
Contact us and we’re happy to answer them! Call us at: 303-800-4595!