This
program is used to refinance an existing FHA loan.
It is a limited documentation loan and requires
NO income verification, NO
employment verification and NO
appraisal. Our clients typically skip a monthly
house payment and usually receive money back from
their escrow account. This can mean several
hundred dollars in your pocket!
Just
Some of the Benefits To You! |
• |
Lower
Monthly house payment |
• |
Lower
Interest Rate |
• |
NO
Out of Pocket Costs |
• |
NO
credit requirements |
• |
NO
appraisal necessary |
• |
Mortgage
can be no more than 1 X 30 days late |
• |
Cash
out up to 85% (LTV) with an appraisal |
• |
Rate
and term refinances to 97% LTV |
• |
15,
20 & 30 year terms available |
|
|
All
that is required is a copy of your existing mortgage
note and settlement statement. These documents can
be found in your closing documents which you received
from the title company at your most recent closing |
