The term FHA "Streamline" is a refinance that refers to the amount of documentation and underwriting that needs to be performed by the broker, and does not mean that there are no costs involved in the transaction. The borrower must already have an FHA insured loan with the same borrowers and same property. The FHA Streamline can Shorten the term of the loan as long as the payment does not go up more than 20%. If the appraised value is such that the borrower would betteradvised to proceed as if no appraisal had been made, the appraisal maybe ignored.
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FHA Streamline.pdf Size : 151.07 Kb Type : pdf |
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ALG's FHA+Guide Training Guidelines.pdf Size : 134.175 Kb Type : pdf |
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