There is often a lot of talk about “stated income” or “no doc” loans which essentially no longer exist. Unless, that is, you have an existing FHA home loan. Taking advantage of lower interest rates for Arizona home owners is just as easy as it could ever be using the FHA streamline refinance. The goal of the streamline refinance is to lower monthly principal and interest costs for the home owner.

Of high interest to Arizona home owners is that you can actually get approved for an FHA streamline refinance without an appraisal or income verification. The most important qualification for the FHA streamline refinance is that the borrower not be late on any mortgage payments within the last 12 months.

The FHA streamline refinance in Arizona may also have some other special surprises making them the easiest and most affordable home refinance option around. The word streamline is important and reflective of the truth in this case, too. HUD allows the borrower to apply and be approved without much of the paperwork required for conventional mortgage refinancing. Contact your Arizona FHA mortgage home loan specialist today, while mortgage interest rates are still low, and apply for an FHA streamline refinance.