FHA Refinance

Refinance loans insured by the FHA offer hope to homeowners with secure fixed rate FHA refinancing even with no equity, bad credit scores or bankruptcies if they have good compensating factors. Many borrowers find themselves stuck in an adjustable rate mortgage but because of their declining property values they are unable to qualify for a refinance with a conventional loan. A FHA refinance loan provides a breath of hope for many homeowners with low credit scores or who have little or no home equity.

FHA Refinance Loans with Fixed Rate & Cash Out Opportunities for People with All ranges of Credit

To verify program eligibility, we recommend checking FHA Mortgage Limits in your region. Refinance with FHA if you have had difficulty getting approved because of low credit scores or lack of equity. With rates hitting the 3% range, people can't afford to not considering these opportunities insured by the Federal Government. Get started with a FHA mortgage refinance quote below.

Loan Type Select ---------------> Mortgage Refinance Cash Out Refinance Home Equity New Home Purchase Property Type Select One-----------> Single-Family Detached Condominium Cooperative Multi-Family Dwelling Modular Mobile Home Manufactured Home Property Value Select One-----------> 1st Time Buyer 75,000 - 80,000 80,000 - 85,000 85,000 - 90,000 90,000 - 95,000 95,000 - 100,000 100,000 - 105,000 105,000 - 110,000 110,000 - 115,000 115,000 - 120,000 120,000 - 125,000 125,000 - 130,000 130,000 - 135,000 135,000 - 140,000 140,000 - 145,000 145,000 - 150,000 150,000 - 155,000 155,000 - 160,000 160,000 - 165,000 165,000 - 170,000 170,000 - 175,000 175,000 - 180,000 180,000 - 185,000 185,000 - 190,000 190,000 - 195,000 195,000 - 200,000 200,000 - 205,000 205,000 - 210,000 210,000 - 215,000 215,000 - 220,000 220,000 - 225,000 225,000 - 230,000 230,000 - 235,000 235,000 - 240,000 240,000 - 245,000 245,000 - 250,000 250,000 - 255,000 255,000 - 260,000 260,000 - 265,000 265,000 - 270,000 270,000 - 275,000 275,000 - 280,000 280,000 - 285,000 285,000 - 290,000 290,000 - 295,000 295,000 - 300,000 300,000 - 305,000 305,000 - 310,000 310,000 - 315,000 315,000 - 320,000 320,000 - 325,000 325,000 - 330,000 330,000 - 335,000 335,000 - 340,000 340,000 - 345,000 345,000 - 350,000 350,000 - 355,000 355,000 - 360,000 360,000 - 365,000 365,000 - 370,000 370,000 - 375,000 375,000 - 380,000 380,000 - 385,000 385,000 - 390,000 390,000 - 395,000 395,000 - 400,000 400,000 - 405,000 405,000 - 410,000 410,000 - 415,000 415,000 - 420,000 420,000 - 425,000 425,000 - 430,000 430,000 - 435,000 435,000 - 440,000 440,000 - 445,000 445,000 - 450,000 450,000 - 455,000 455,000 - 460,000 460,000 - 465,000 465,000 - 470,000 470,000 - 475,000 475,000 - 480,000 480,000 - 485,000 485,000 - 490,000 490,000 - 495,000 495,000 - 500,000 500,000 - 505,000 505,000 - 510,000 510,000 - 515,000 515,000 - 520,000 520,000 - 525,000 525,000 - 530,000 530,000 - 535,000 535,000 - 540,000 540,000 - 545,000 545,000 - 550,000 550,000 - 555,000 555,000 - 560,000 560,000 - 565,000 565,000 - 570,000 570,000 - 575,000 575,000 - 580,000 580,000 - 585,000 585,000 - 590,000 590,000 - 595,000 595,000 - 600,000 600,000 - 605,000 605,000 - 610,000 610,000 - 615,000 615,000 - 620,000 620,000 - 625,000 625,000 - 630,000 630,000 - 635,000 635,000 - 640,000 640,000 - 645,000 645,000 - 650,000 650,000 - 655,000 655,000 - 660,000 660,000 - 665,000 665,000 - 670,000 670,000 - 675,000 675,000 - 680,000 680,000 - 685,000 685,000 - 690,000 690,000 - 695,000 695,000 - 700,000 700,000 - 705,000 705,000 - 710,000 710,000 - 715,000 715,000 - 720,000 720,000 - 725,000 725,000 - 730,000 730,000 - 735,000 735,000 - 740,000 740,000 - 745,000 745,000 - 750,000 750,000 - 755,000 755,000 - 760,000 760,000 - 765,000 765,000 - 770,000 770,000 - 775,000 775,000 - 780,000 780,000 - 785,000 785,000 - 790,000 790,000 - 795,000 795,000 - 800,000 Over 800,000 Credit Rating Select ---------------> Excellent Good Fair Poor

An FHA refinance provides many low rate benefits, but we recommend you work with a FHA expert that will maximize your monthly savings. FHA refinance loans will allow cash refinancing to 85%. That means you only need to have 15% equity in your new refinance loan after obtaining cash back. You can use the money for paying off credit card debt, personal loans, student debt or something more glamorous like remodeling your home or installing a new swimming pool and spa.

Why Not Take Advantage of the Lowest Rates Ever for FHA Refinancing?

Compare lending knowledge, service and FHA refinance rates when shopping for a refinance online. Refinancing with FHA makes sense financially, because the mortgage rates are low and the guidelines are so flexible. Besides, there is no pre-payment penalty when you refinance with FHA so if your home appreciates and you qualify for a loan without mortgage insurance you will not be stuck. No one knows for sure, but it certainly appears that this could be the best pricing on refinance FHA loans that we will see this year.

Because of HUD increasing the 2018 FHA loan limits, our FHA refinance lenders are offering a new opportunity to refinance up to 96.5% for rate and term refinancing. If you wish to consolidate debt, FHA refinancing is allowed up to 85%.

Refinance with FHA and Maximize Fixed Rates & Flexible Loan Guidelines

Now homeowners can qualify for a 30-year fixed rate FHA refinance loan. The current pricing for FHA mortgage rates are phenomenally low and there is no pre-payment penalty for early pay-off. If the interest rates drop again, FHA borrowers have the option for a FHA refinance streamline loan that quickly revised their mortgage to the lower interest rate with reduced closing costs.

FHA refinance loans became the most popular mortgage a few years ago and in in 2010 the refinancing demand continues. With the recent government imitative it appears that won't change anytime soon. Unfortunately, there are so many homeowners struggling with credit card debt, late payments and variable mortgage payments that they can't afford. Even if other lenders have turned down your application recently, there is still a good chance that our FHA lenders can get you qualified for an FHA mortgage refinance that you have been looking for. FHA refinancing can pay of Chapter 13 bankruptcies and even refinance your mortgage if you are still in consumer credit counseling.

FHA Refinance Loan Benefits
FHA Rate and Term Refinancing to 96.5% Cash Out Refinance Loans to 85% Poor Credit Scores Allowed with FHA Past Bankruptcies Ok with FHA FHA Refinance out of Chap 13 BK Low Fixed Rate Mortgages for 30 Years No Pre-Payment Penalties Mortgage Insurance is Tax Deductible Read more about FHA in the Financing News >   FHA Mortgage Loan Programs Expand	FHA Refinance Loans Guarantee 30 Years of Fixed Rate Payments with No Pre-Pay Penalty!

FHA Refinance Loan Limits Expand! Check Your State for revised FHA Loan Limits:

The bottom line is that even with today's crazy credit crunch, refinancing with FHA provides the best opportunity to convert your adjustable rate ARM into a secure fixed rate mortgage for 30 years. We suggest taking advantage of our free consultation with one of our FHA specialists to see if our refinance loans can help you accomplish your financial goals. FHA refinance rates are subject to change at any time and getting an approval from an approved FHA underwriter is required.

FHA Refinancing Appeals to Borrowers with All Types of Credit

Best FHA Refinance Rates! The financial and housing crisis has led to millions of homeowners see a decrease in their credit scores. As most borrowers know the credit score is one of the primary factors in mortgage refinancing. Fortunately for most Americans the FHA refinance program has enabled them to qualify for low rate refinancing even if they have less than perfect credit. FHA refinance loans do require a minimum credit score of 500, but most homeowners have credit scores in the 640 range, so qualifying for FHA refinancing is much more attainable than most other conventional loan programs.

HUD Supports Several Ways for People to Refinance with FHA

The Federal Housing Administration used to be known primarily as a government entity that helped new home buyers get financed. Over the years they expanded their programs to included refinance activities as well.

FHA streamline refinance – This is a product that has helped millions of FHA customers secure a loan with a lower rate without the hassles. There are standards that must be met with this program. To qualify borrowers must have a lien insured by the FHA that has been current for the last year. Customers are not allowed to get money back in the loan. The government has supported this program being used as loan relief vehicle for distressed borrowers that have an underwater mortgage that has prevented them from refinancing. In most instances, there is no appraisal required under the streamline initiative.

203K FHA Home Improvement Loans – This is a very unique program that can be used in a purchase or refinance transaction for rehabilitating a residential property. Borrowers can get a FHA mortgage refinance up to 115% as long as the funds are used for restoration or remodeling.

FHA Refinance Rates – Interest rates on loans insured by the Federal Housing Administration has been competitive with any rates quoted in the market-place today. Most borrowers choose the fixed rate when FHA refinancing, but some still select for the 5/1 ARM when they do not believe they will be living in the subject property in 60 months. The FHA refinance rates may vary depending on whether the borrower chooses a 15 or 30-year term.