If you currently own an Arizona home financed with an FHA home loan and you have had that FHA home loan for a minimum of 6 months you will probably be interested in the FHA streamline refinance.

The FHA streamline refinance has been used since the early 1980’s to help home owners just like you take advantage of quickly changing rates and refinance your home quickly and with lower costs and lower principal and interest payments.

The costs can be lower if your refinance amount is lower than your original FHA loan amount by not requiring a new appraisal. To be sure if your FHA streamline refinance qualifies for this you will need to speak with an experience Arizona FHA home mortgage specialist.

The evaluation of your FHA home loan application is very quick when performed by an FHA loan specialist locally right here in Arizona. The FHA streamline refinance has special requirements and the reason you have found this short article today is because you are interested in knowing them for yourself. Each state has different loan level requirements so you will want to deal with an Arizona FHA mortgage specialist.

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FHA Streamline Refinance: You May Not Need An Appraisal

12-16-08

Justin McHood

If you are an FHA homeowner, in other words if you own your home with an FHA home loan, you may qualify for a streamline refinance. The primary goal of a streamline refinance is to lower the monthly principal and interest payment on your existing home mortgage.

In Arizona refinancing your home with a streamline refinance is one of the best ways to go. You may not know this but an Arizona FHA streamline refinance can even be done without an appraisal. The borrower (homeowner) will need to be current on their FHA home loan and will need to contact an Arizona FHA streamline approved lender to be qualified.

If the FHA streamline refinance loan amount is lower than the original FHA home loan amount your FHA specialist will tell you whether or not you can have your Arizona home refinances using the FHA streamline refinance without the need of an appraisal.

Arizona FHA loan limits vary by geographic location so make certain you are working with an Arizona FHA home loan specialist who has experience with and understands the FHA streamline refinance. All in all this is a faster, less costly way to refinance your Arizona home quickly and efficiently.

As always, we are your local Arizona FHA Mortgage experts and look forward to helping you with your FHA streamline loan.

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Justin McHood
Van Dyk Mortgage Corporation BKBR 0115143

Justin McHood: Loan Officer in Chandler, AZ

Office: (480) 374-0303

http://www.justinmchood.com

About Us:

A few of the questions that I get all the time from people who are searching for information about Arizona home loans:

Want more information about the 8000 tax credit for new home buyers?
Wondering if you need to pay for Mortgage Insurance?
Wondering if the time is right for an Arizona refinance?
Wondering who the best Arizona loan modification attorney is?
Wondering how the Making Home Affordable plan works?

Wanting to learn more about Fannie Mae's new Home Path loan?

We work hard to get you the best information about all aspects of the mortgage process. I have been working as a loan officer that specializes in helping people get into the right FHA loan program. For the past 6 years my team has helped thousands of people with their Arizona FHA mortgage or their FHA streamline refinance or FHA reverse mortgage (particularly Arizona reverse mortgage) loans.

Of course, we do all kinds of loans, but we specialize in the Arizona FHA loan (yes, the Arizona FHA 203k loan too)or Arizona VA loan or Arizona USDA loan programs.

Recently, we have also been helping quite a few people with their Arizona loan modification (California loan modification too) and Arizona debt settlement questions and needs as well. I have a number of people on my team helping people locally (from Power Ranch to Agritopia to real estate near light rail to foreclosures in Phoenix and many other places in the east valley) on our Arizona Mortgage Team where you can get our daily Arizona mortgage rates and they help me provide top-tier service at a fair price with competitive rates.

We hold your hand through the entire process of getting your loan closed -- constantly keeping you updated and informed of what is going on. There are many excellent choices of people to work with on ActiveRain -- why choose us? Because I promise you will get fast, friendly, knowledgeable service while getting the best mortgage products available.

-- Justin McHood

Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.

Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.

Justin McHood

Arizona FHA Loan Limits Increase for 2009

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Scottsdale Arizona Mortgage Rates December 23 2008

Arizona FHA Streamline: Rates are Lower!

FHA Streamline Refinance: You May Not Need An Appraisal

Justin McHoodVan Dyk Mortgage Corporation BKBR 0115143

About Us:

Justin McHood
Van Dyk Mortgage Corporation BKBR 0115143