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| FHA Streamline: No Verification Of Job, Income, Credit In April 2011, while the rest of the US banking world was making it harder to get approved for a mortgage, the FHA was making it easier. In a sweeping guideline update, the FHA abolished verification for practically everything on an FHA Streamline Refinance mortgage application. Now, as written in the FHA's official mortgage guidelines, the mortgage approval process for an FHA Streamline Refinance says : Borrowers must, however, have an existing FHA-insured mortgage that is current on its payments. The Streamline Refinance loan doesn't allow for cash out, but you may qualify for a standard FHA cash out refinance up to 85% LTV. If you do not presently have an existing FHA mortgage, you'll qualify for the standard FHA rate and term, no cash out refinance up to 97.75% LTV. Let our FHA Streamline specialists help through this widely advantageous rate reduction program and smooth the way for your new lower mortgage payments! |
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