FHA Streamline

Home Loan Refinancing Opportunities

Save money and lower your monthly mortgage payments!

FHA Streamline Home Loan Refi Basic Qualifying:

• Loan must be a FHA insured loan to be refinanced.
• Loan to be refinanced must be current not delinquent.
• FHA refinance is to result in a lowering of the borrower's monthly principal and interest payments.
• No cash may be taken out on mortgages refinanced using the streamline refinance process.
• To refinance without having the home appraised, borrower must pay all closing costs and prepaid expenses out of pocket or through Lender Subsidies (No Cost Refinance).
• When refinancing with an appraisal, new loan amount cannot exceed 97% of appraised value and borrower cannot receive more than $500 cash back at closing.
• Get your Custom RateWatch report today.

For more click here FHA Org Info

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Peter Boyle 612.701.6816
20 Years Mortgage Lending Experience!
pboyle@summit-mortgage.com
NMLS  # 218261  

Summit Mortgage Corporation
Summit Home Mortgage Inc. is FHA approved but is not officially affiliated with HUD
*Please check with your lender for current pricing and personal mortgage analysis.
*The information in this Web site can change without notice. This is an Equal Housing Lender