Since 1980 FHA streamline refinances have been allowed by HUD for homeowners who already have an FHA loan existing on their home. This applies to FHA home loans in every state including Arizona. It is important to work with an FHA loan specialist who understands not only the FHA streamline refinance but Arizona streamline refinancing of FHA home loans in particular.

FHA Streamlines in Arizona
Every state has a different set of guidelines for FHA home loans and in Arizona the loan amounts for FHA streamline refinance is published on the HUD website. Streamline refinances are usually much easier to perform and less costly to the home owner who is refinancing their FHA home loan. Streamline refinance has special limitations so be sure and contact your FHA loan specialist to ask how cash out refinancing, debt-consolidation loans and other types of loans may not be covered with the streamline refinance.

FHA Streamline Goal: Lower Monthly Payments
The primary goal of the FHA streamline refinance is to lower the monthly principal and interest payments. Your loan specialist will be able to provide you with full information in regards to your specific needs and qualifications.  Also be sure to ask about a “no-cost” or “no out of pocket” refinance with your streamline refinance.

Are you interested in learning more about the FHA Streamline program?  See what the Arizona FHA Streamline experts have to say about it.