No Appraisal Refinance

Would you like to refinance without an appraisal?  If you want to refinance to a lower interest rate and are not planning on taking cash out of your home’s equity then an FHA Streamline Refinance may be just for you. 

An FHA Streamline does not require an appraisal to establish value.  This is an excellent way to refinance if you feel that your home may not appraise for what it did before the “mortgage meltdown” of the late 2000’s. 

Other benefits of the FHA Streamline are there are no credit checks.  A credit report may be pulled but only to verify there are no more than one 30 day late on the mortgage in the last 12 months.  Your FICO score or other late payments will not keep you from qualifying. 

In addition to no appraisal, no credit check there is also no income qualifying or employment checks with a Streamline refinance. 

If you currently have an FHA mortgage the FHA Streamline refinance may jut be the perfect choice for you.