Archive for the ‘FHA Streamline Refinance’ Category

Saturday I posted information about the FHA Good Neighbor Next Door (GNND) program and how you could purchase a home in Portland Oregon and only pay half of the offered price. Today, I am starting a series (this is part 1) that will answer several frequently asked questions (FAQ) about the GNND program. Here is the link to the currently offered properties. Read More

One of the best things about having an FHA loan in Eugene/Springfield, OR in the past was the ability to get a lower rate with a “Streamline” refinance. In this process, about all you had to do was prove you were current on your mortgage, nothing else was required. That all changed on Friday when FHA issued new rules for the FHA “Streamline” refinance program though their mortgagee letter #2009-32. Surprisingly, FHA actually wants you to be able to make your payment too. (LOL) So, they want proof that the borrower is employed and has income. Read More

My friend and colleague, Mark Madson of MyFHABlog, recently posted this information and being a good friend, I decided to steal it. Since it was originally done by REALTOR TV, I don’t think he will mind. Although I find the presentation a bit slow, it does offer a huge amount of information in a video format. It is well done and answers a lot of questions about FHA Mortgage Lending in a very logical and impartial manner. FHA Mortgages are a huge part of my lending business in Oregon and any way I can help do away with some of the myths surrounding FHA Real Estate Loans, I will do. So, sit back and watch this video. You might want to get some popcorn and take notes. Read More

You can refinance your Oregon FHA Mortgage Loan without an appraisal and without income re-qualifying what so ever. Technically, there is no credit qualification on this loan either, however, most lenders require a 620 credit score for the program and require a mortgage credit report.  The OR FHA Streamline Refinance takes the hassle out of getting a permanent interest rate reduction on your Oregon FHA Mortgage Loan. Read More