Can a conventional home mortgage loan be refinanced using FHA? - hud refinancing
I know that if a person already has a loan from the FHA, the process can be a FHA Streamline refinance. Refinance When a person is already a conventional mortgage, the FHA can? If possible, could you please me the resource where I can read this information. Only when there are not many problems. I checked the HUD website, but the location of information particularly, the moment was hard. Thanks
Sunday, January 17, 2010
Hud Refinancing Can A Conventional Home Mortgage Loan Be Refinanced Using FHA?
3 comments:
Yes you can, but it is the right answer ... You can finance a FHA mortgages, but only up to 95% loan to value paradise of refinement, and the limit depends COUNTY ... not the state borders. The boundaries of the county .... not the state borders.
FHA Streamline Refinancing for those who do not intend to withdraw money, but those who just want a lower rate.
Hi Kevin,
I think you will find useful information on this website:
http://www.fha.gov/owner/process.cfm
Depending on the condition you are, I am an approved FHA lender and can be more help with their research question and the answer to your questions directly to May.
Feel free to contact me and visit my website at:
http://www.MortgageMetropolis.com
Yes you can, if within a maximum FHA loan for his state.
Pres Bush will seek to increase the time limit for FHA loans that I think U.S. $ 416,000.00
but not this time.
The HUD website is a great website, just not accustomed to the use of it.
If you say that 30 will be up to 45 minutes on this site, you will probably see a wealth of information that you need to know something when you know you are) a factor in FHA MIP (based on several things that the amount is received by your loan? If you are refinancing a condo, you have to pay the monthly PMI premiums. It stands for mortgage insurance premium. FHA guarantees the loan in case of default.
So if you really can not use this site, please call around and find a mortgage loan officer who has experience in this field to answer your questions.
If you need information on the FHA website to make notes for yourself if the loan officer does not answer your questions, thank you but no thank you and switch to another loan officer who really knows hisThings and FHA mortgages. Today, many loan officers do not have anything about them, why so many people come in conventional
ARM or other financing options bad when you're a, that are in business for 10 years or longer, the more fortunate were able to find.
Good luck to you.
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