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FHA Home Loans (FHA Streamline Refinances)

FHA loans are the easiest loans to qualify for. Their purpose is to increase homeownership because they have easy credit and income requirements.  The government has a set limit as to what a lender can charge you as well so you are always protected!

If you are a first time home buyer or a move-up buyer with limited credit and income an FHA loan may be right for you!

FHA loan qualification guidelines:

Minimal Down Payment and Closing Costs:
  • Down payment can be less than 3% of the Sales Price
  • 100% Financing options available
  • Gifts for the down payment and closing costs are allowed.
  • No reserves are required.
  • FHA regulates closing costs.
  • Seller can credit up to 6% of sales price towards buyers costs.
Easy Credit Qualifying Guidelines such as:
  • No minimum FICO score or credit score requirements.
  • Your credit report should typically have less than two thirty-day lates in the last two years.
  • Bankruptcies two years or older, with good credit since
  • Foreclosure’s three years or older, with good credit since

Easy Debt Ratio & Job Requirement Guidelines:

  • Higher Debt Ratio's than other home loan programs.
  • Your last two years of income should be the same or increasing
  • Less than two years on the job is allowed.
  • Your new mortgage payment should be approximately 30% of your gross income.
  • Self-Employed individuals OK!


FHA Streamline Refinance Loans
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Refinancing with the FHA Streamline program is a simple process that requires minimal paperwork and hassle.

Benefits of the FHA Streamline:

  • No Cost Interest Rate Reduction programs.
  • Easy credit and income qualifications.
  • No Origination Fee and no points options available
  • It is simple to shorten or lengthen the term of your existing loan.

What do we need from you to Streamline?

  • The online credit application
  • Drivers License and Social Security Card
  • Monthly Mortgage Statement
  • Note to the House and Deed of Trust
  • Copy of your current Home Owners Insurance Policy
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