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FHA Refinance Loans With No Cash Out
There are several FHA refinance loan options. One is FHA Streamline Refinancing, which has no FHA-required credit check or appraisal (though your lender may require one of both). Another is the FHA...
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Basic FHA Refinance Loan Rules
FHA loan rules governing refinance loans are found in HUD 4155.1, Chapter Three. In this chapter the FHA lists some basic rules that can and do affect all FHA refinance loans. Knowing these rules can...
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FHA Appraisal Rules For Foundations: A Reader Question
A reader asks, “We are up for a FHA refinance and the appraiser noted that we have a crack in our foundation. We have never had water in the basement ever and it hasn’t moved since i originally...
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FHA Refinance Loans and HELOC: A Reader Question
A reader asks, “We have an old home built in 1924 in Vallejo, CA. We took a HELOC on the property in 2006 when the home appraised at around $450000. The loan was structured as 10 yrs. interest only...
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FHA Reverse Mortgage Loan Rules For Occupancy: A Reader Question
A reader asks, “My mother-in-law is sole owner of her home. she remarried and acquired a reverse mortgage. She is getting a divorce. unfortunately, she was force out of her house because of his...
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FHA Home Loan And Refinance Loan Preparations
When you are preparing for an FHA loan or FHA refinance loan, what can you do to get ready and how long should it take you to prepare? These are two important questions to answer long before you put in...
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FHA Refinance Loan Types: No Cash-Out Refinances With Appraisal Required
There’s a type of FHA refinance loan available under the FHA single-family program known as a No Cash-Out Refinance (appraisal required). FHA loan rules for this type of refinance loan include...
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FHA No Cash-Out Refinances With Appraisal Required Part 2
In our last blog post we discussed some of the basic rules for FHA no-cash out refinances with an appraisal required. Those guidelines include rules on how lenders are to deal with subordinate liens...
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Missing Payments On FHA Loans Prior To Refinancing
One common question about FHA refinance loans involves skipping payments. The ability to skip a payment prior to getting a refinance loan seems like an attractive option to many borrowers, and for...
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FHA Streamline Refinancing Loans and Delinquent FHA Mortgages
In our last blog post we examined FHA loan rules for skipped payments and delinquent mortgages with regard to an FHA refinance loan. HUD 4155.1 Chapter Three addresses these issues in general, stating...
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FHA Loan FICO Score Mininums and Late Payments: A Reader Question
A reader asks, “We were living in Florida when the housing market crashed. I was in school and my husband was working. 2 mos after starting school my husband lost his job so we had no other option...
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FHA Appraisals: A Reader Question
A reader asks, “I had moved out of my home while renovations were done to my property prior to getting an FHA re-fi I had an FHA appraisal done immediately after the repairs were completed.”” “However...
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Chapter 13 Bankruptcy and FHA Refinance Loans: A Reader Question
A reader asks, “Is It possible to refinance while in chapter 13 for a lower rate. We Dont qualify for the government HARP program.” FHA loan rules for getting new loans when it comes to bankruptcy...
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FHA Loans, Co-Signing, and Student Loan Debt: A Reader Question
A reader asks, “I co signed for a student loan for my daughter who has 2 1/2 years left of schooling. This puts her at around 3 years out before needing to start making payments on this debt. im...
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Preparing For Your FHA Cash Out Refinance Loan
If you are considering refinancing a home loan using the FHA Cash Out Refinance Loan option, there are a few things to keep in mind about your FHA refinance loan options when you’re planning,...
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FHA Loan Reader Questions: Help With an Existing FHA Mortgage
We get many questions about FHA home loans. Some of them come in the form of detailed queries about specifics of a certain FHA loan program, others come as more general questions about the nature or...
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FHA Refinance Loans With An Appraisal: Some Basics
If you have never applied for an FHA appraisal-required refinance loan before, you probably have plenty of questions about program basics. How long can the new loan be? Can I re-use a previous...
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FHA Cash-Out Refinance Loans: A Reader Question
A reader asks, “Our home is in trust, and my mother-in-law has signed a quit claim deed. My husband was in a hit and run motorcycle accident 3 years ago this coming June. Due to his inability to work...
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FHA Loan Refinance Rules: A Reader Question
A reader asks, “Hello.. i have a question. We are first time home buyer through FHA loan. How long we can refinance after our purchase?“ The FHA issued a mortgagee letter back in 2011 updating its...
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FHA Refinance Loans And FHA Case Numbers: A Reader Question
A reader asks, “I bought my home in 2009. Its a FHA mortgage. I do not qualify to refinance because paperwork and case number were assigned after may 1 2009. I need to know what I can do to refinance...
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