Forgotten Your Password?

Need to Register?

Question Icon

Are streamline FHA refinances possible on investment properties or only owner occupied residences?

by LHammer from Turnwater, Washington. Apr 18th 2013 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

The rules are different regarding maximum loan amount but yes.. you can streamline a FHA investment.. not every lender does them so be sure to ask when your shopping around.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Apr 18th 2013
1
0
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,457 contributions

YES... you can refinance an existing FHA on a property that is NOW an investment property. In MN or WI visit www.FHA-Streamline-Refinance-MN.com

Apr 19th 2013
1
0
Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

Yes, if you have an existing FHA mortgage on a 1-4 family investment property it can be streamlined. It MUST be done WITHOUT an appraisal so be sure your lender can accommodate this as some lenders require appraisals even on streamlines.

Apr 18th 2013
0
0
Equitus Mortgage (EquitusMortgage)
#65 ranked lender in Washington - 39 contributions

Yes, FHA streamlines without appraisals are possible on investment properties. We are an internet based lender here in Everett WA and we have access to that product. Please visit www.equitusmortgage.com and complete our online application to get a No cost rate quote.

Apr 18th 2013
0
0
Jerry Potter (JerryPotter)
#80 ranked lender in Washington - 37 contributions

Yes. In process of one right now. Contact me for specifics and requirements. My office is in WA.

Apr 18th 2013
0
0
Michael Patterson (MichaelPatterson)
#52 ranked lender in Washington - 73 contributions

Streamline FHA Refinances are in fact allowed on 2nd homes and Investment Properties, however only when an appraisal is not required. We currently require a 680 mid-score on all borrowers. FHA also requires that a minimum of 5% reduction in monthly payment be a result of the refinance. Some restrictions may apply. Glad to discuss with you. ;) More details here: http://landhomenw.com/fhastreamline

Apr 18th 2013
0
0
Fred Chamberlin (whidbeyloanguy)
#63 ranked lender in Washington - 8 contributions

Absolutely you can do a streamline refinance on an FHA home loan on an investment property mortgage. Give me a call in Oak Harbor at Guild Mortgage, I would be happy to help you. 360-675-6106

Apr 18th 2013
0
0
Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,318 contributions

Subject to conditions.

Apr 18th 2013
0
0
Kiernan Brown (KiernanBrown)
#50 ranked lender in Michigan - 149 contributions

Yes, FHA Streamline refinances do allow investment properties. Call your local lender411 mortgage professional

Apr 18th 2013
0
0
Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

yes

Apr 18th 2013
0
0
Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

yes they are

Apr 18th 2013
0
0
Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

If you have an FHA loan, and the lender you are working with will do the "True" streamline - without an appraisal, then you can do an FHA refi - but I would hurry, because as of June 2 -- the mortgage insurance on FHA will be a permanent process - you will have to keep paying it for as long as you have the FHA loan. Also, some lenders are already setting their FHA loans for that permanent setting - so be careful.

Apr 18th 2013
0
0
James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 314 contributions

FHA loans are for owner occupy.

Apr 18th 2013
0
2
Subscribe to our news feed.