Atlanta FHA Streamline Refinance

Rates on FHA mortgage loans have dropped into the 5.500% range (APR of 5.583% based on a $340k loan amount). If you meet the qualifications outlined below, now is the perfect time for an FHA Streamline Refinance. The process is quick, painless, and does not even require an appraisal.

Here are the basic requirements of a FHA streamline refinance:

• Existing mortgage must already be FHA insured and must be at least 6 months old.
• Existing mortgage should be current with no late payments in the past 12 months (or for the life of the loan if between 6 and 12 months old)
• Must lower your current principal and interest payments.
• No cash may be taken out.
• No credit score requirement.
• No income verification.
• No qualifying debt ratios.
• No appraisal required if loan amount is less than or equal to original loan amount.
• Closing costs may be rolled into the loan if an appraisal is done to show that equity exists.
• If the property is an investment property, only the no appraisal option is allowed.

Additionally, because of the simplified underwriting and lack of an appraisal in most situations, Primacy Mortgage can often pay the closing costs for you on a Georgia FHA Streamline Refinance. Keep in mind also that you are able to change products when you are refinancing, so if you want to go from a 30 year to a 15 or the other way around, that is allowed under the program.

Please fill out our simple refinance form to get your refinance started:
http://primacymortgage.com/refinance-form.html