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Can you do a fha streamline on investment property?

by Adam_Garrett297 from Starkville, Mississippi. Jul 13th 2015 Reply


Ray Antonelli (Focused)
#3 ranked lender in Ohio - 52 contributions

The FHA program is strictly for owner occupied properties

Jul 13th 2015
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Ray Antonelli (Focused)
#3 ranked lender in Ohio - 52 contributions

If you have good credit rates are still pretty good even for investment properties. However, it would be a full doc loan including an appraisal.There are some lenders that will do investment properties even with credit issues. Call me d for details.

Jul 13th 2015
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Andre Duncan (Mortgageadvice)
#14 ranked lender in Delaware - 4 contributions

We can do a FHA streamline on the property if it already has a FHA loan on it

Jul 13th 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,452 contributions

YES, you CAN do a an FHA streamline on an investment property, assuming you currently have an FHA loan on that property. For FHA streamline loans on homes in MN, WI, and SD, visit me at http://streamline-refinance-mn.com

Jul 14th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

If you have an FHA loan now that has been converted to an investment property, then FHA does allow you to streamline refinance it.. The rules are a little different in that they will only refinance the "Principal Balance" plus the new "Net" upfront MI fee. All other costs will have to be paid for.. but this can be done and no appraisal would be necessary.. Understand that FHA does not lend money, they only insure loans against default.. the lenders can have their own "overlay's", or additional guidelines.. this is why some lenders say no, while others say yes.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jul 14th 2015
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Barb Lanis (BarbLanis)
#71 ranked lender in Illinois - 662 contributions

You can do an FHA streamline on an investment property as long as the current mortgage is an FHA. You are not penalized if you vacated the property and decided to rent it out. You must have lived in the home for at least 12 months since you signed the mortgage on that property.

Jul 14th 2015
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Jamie Lynne (nationwidelenderforyou)
#142 ranked lender in Texas - 575 contributions

Yes, you can do a streamline on an investment property. Let's discuss your loan scenario! My number is 800 315 8803 and my name is Jamie. I have been lending nationwide since 1989 and am happy to answer your mortgage questions. Jamie - NMLS 850582 , www.bartprequalifies.com, 800 315 8803

Jul 14th 2015
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JOE GARRETT (www.Texaslowcostmortgage.com)
#3 ranked lender in Texas - 18 contributions

Yes. I have the ability to do an FHA streamline on an investment property. Please give me a call at 888-435-7190, or email me at joeg@southwestfunding.com

Jul 15th 2015
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