If you have an FHA insured home loan on your Arizona home loan and if you are not delinquent on your mortgage payments you are already qualified for an FHA streamline refinance. An FHA streamline refinance is as simple as contacting your local Arizona FHA home loan expert who will almost instantly tell you how few things you need to do to refinance your home loan. Finding someone who actually specializes in FHA streamline refinances for Arizona home owners is all you need to do.

Words like simple, easy and inexpensive don’t always apply to a new home mortgage but since 1980 HUD has permitted the streamline refinance just for those reasons. You may not even need an appraisal to be performed on your home to close on your FHA streamline refinance. One thing the streamline refinance does not permit is cash out so check with your home loan specialist to make sure you understand exactly how the FHA streamline refinance works.

In Arizona the best time to refinance your FHA home loan is when rates are low just like today.  Applying for an FHA streamline refinance requires less time and less documentation than applying for a conventional home loan. Since both are insured by HUD (your existing mortgage and your new streamline refinance) much of the work will already be on file.

Find out more about the FHA Streamline program by contacting your local Arizona FHA Streamline experts today!