Welcome to the FHA Loan Network
As an American Citizen you are eligible to participate in possibly the greatest purchase and refinance opportunity ever available – the FHA Purchase and Streamline Refinance. There is simply no comparison anywhere in the mortgage industry. No other program is as simple to enroll in or as easy to qualify for than the FHA Purchase and Streamline Refinance. You are eligible to apply for this program if you if you have an existing FHA loan, have an existing mortgage with little to not equity, or only have a 3.5% down payment. If you don’t have an existing FHA loan, you won’t be able to do the streamline refinance, but you can take advantage of the FHA Refinance or Purchase program.
No Appraisal and Minimal Credit or Income Qualifications
An FHA Streamline Refinance is great option if you have an FHA loan for a lot of reasons, but especially because there are no appraisal and minimal credit score and income qualifications and no income minimums. The primary factor used to qualify a borrower for an FHA Streamline Refinance is payment history. As long as you have been making regular and consistent payments over the past 12 months you can still qualify for this program. Even if your credit is badly damaged.
Record Low Interest Rates
We’ve all heard about the recession and the toll that is having on Americans everywhere. The Fed has taken action to keep interest rates low, and this is especially true for borrowers that do not have perfect credit or are currently in an FHA loan. In fact, rates have been at record lows recently due to the Fed’s actions. That’s one reason why so many people are taking advantage of this fast-tracked system. The costs are extremely low and your monthly payment will likely decrease substantially.