No credit check, income verification or employee verification? What kind of loan could offer these freedoms? Simple: an Arizona FHA streamline refinance. If you are a home owner in Arizona and your home is financed with an FHA home loan and you have had that FHA loan for at least six months you may qualify for this loan.

The most important aspect of an FHA streamline refinance is that the interest rate be lower. Qualifying can be very simple since, as indicated above, the FHA streamline refinance may not require many of the verifications of a standard refinance or other FHA home loans. Be sure to check with an Arizona FHA home loan expert instead of just contacting the local bank or big national dot com lender. Your local FHA home loan expert will know the parameters required for doing the streamline refinance on your home.

You can also choose to lessen the out of pocket costs, if your loan amount will support it, by asking your FHA home loan expert to use Yield Spread Premium to offset the closing costs. Some lenders refer to this as a “no cost FHA streamline refinance”. These types of loans are available from your Arizona FHA home loan specialist.