Enhanced Refinance Options for FHA Streamline Refinances

Enhanced Refinance Options for FHA Streamline Refinances

Vastly improved Options for FHA Streamline Refinances are coming.   The USA Whitehouse announced today that HUD has authorized changes to the FHA Streamline Refinance Program that will help many Homeowners with FHA Loans made prior to June 1, 2009 save hundreds per month.

The options for FHA Streamlines have been prohibitive the past couple years due to increased FHA Mortgage Insurance rates.   The new program will reduce the Upfront Mortgage Insurance Premium (UFMIP) to .01% according the news release by the Obama Administration at the Whitehouse today.   But the good part is that the annual Mortgage Insurance Premium is being reduced to .55% for FHA Streamlines and FHA Jumbo Streamlines from a previous level of 1.15%.

These changes to FHA Streamline and FHA Jumbo Streamline rules will open the door for Homeowners with FHA Loans to save hundreds per month in most cases.

VanDyk Mortgage is a Full Eagle Direct Endorsement FHA Lender,  the highest level of approval from HUD.   We have been making FHA Loans since 1987, and would be proud to help you as well.

We service all of California and Washington State, including San Diego, Los Angeles, San Jose, Sacramento, Riverside, San Francisco, Oakland, Ventura, Orange County, Seattle, Spokane, Tacoma, Everett, and every other city within these great states.

Call today to get started  866-900-2342  – Toll Free direct.   Or apply online 24/7 – www.vandykfunding.com/loanapplication