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I would like information on a stream line fha loan. Will there be closing cost and a apprasial

by jaylop_630_169 from Philadelphia, Pennsylvania. Feb 6th 2013 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

A FHA Streamline "Without Appraisal" will have No Charge for Appraisal seeing there won't be a need for one. Your selected interest rate will define what "Lender Credit" may be offered to pay your closing costs. There is no such thing as a "Free Loan", so when you hear someone saying "no cost", they are misrepresenting the facts. To get a Free and No Obligation Quote, more information would be needed offline. I'm happy to help you directly. Visit my profile for more information and to read my blogs that provide information on FHA programs. I'm here to help!

Feb 6th 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

For FHA streamline refi's, there is no appraisal required.. However there will be closing costs.. You can choose a higher rate and have the lender pay the costs for your (recommended), or you can pay them out of pocket and take the lower rate, but in any case, you will be paying for them.. 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

Feb 6th 2013
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Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

An FHA Streamline does not require an appraisal. Also, your closing costs can be paid out of pocket, by you, or your lender. If you elect to have the lender pay closing costs, then your rate will be slightly higher. William from Velocity also confirms this in his response...

Feb 6th 2013
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Mike and Jill Kohler (LenderMike)
#31 ranked lender in Pennsylvania - 56 contributions

No appraisal required for FHA streamline. A number of different options on pricing depending upon your preference. We are a brokerage that deal with many wholesale banks so we will shop them for the lowest rate, cost and terms. A+ rating by Better Business Bureau. We are just outside of Philadelphia in Bucks County. You can get a free quote by phone at 215-741-3131 or online at NetEquityLoans.com.

Feb 6th 2013
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Sharon Duffy (sduffy)
#70 ranked lender in Pennsylvania - 595 contributions

A streamline is the refinance of an existing FHA loan. There is no appraisal required. A lender credit can be offered to offset the closing costs but you need to meet the credit score guidelines. I will be happy to discuss this further with you. Please give me a call.Sharon7th Level Mortgage732 606 6264

Feb 6th 2013
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Jamie Ware (YourMortgageGuy)
#71 ranked lender in Pennsylvania - 44 contributions

Everyone here can help you with this question and the two replies are right on point. If you would like to see if this transaction would make sense for you please contact me per the information in my profile.

Feb 6th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

QUICK answer JAY is no. Andrew Alfonso.

Feb 6th 2013
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Thomas Cosentino (tcosen_187_140)
#72 ranked lender in Pennsylvania - 2 contributions

Jay Call if want help. 412-721-0173.Tom Cosentinohttp://www.unionnationalmortgage.com/carnegie/tcosentino

Feb 6th 2013
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Thomas Cosentino (tcosen_187_140)
#72 ranked lender in Pennsylvania - 2 contributions

http://www.unionnationalmortgage.com/carnegie/tcosentino

Feb 6th 2013
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Jason Vondrak (jvondrak)
#221 ranked lender in California - 1,741 contributions

With a streamline refinance you do not need an appraisal. If you are finding loans offered at no cost, you are probably in all actuality finding loans that include a lender credit that will cover the closing costs. This often means that you are getting a slightly higher interest rate in return for the lender paying for the closing costs. You can also have the cost rolled into your new loan.

Feb 6th 2013
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Anthony Piccone (apiccone)
#97 ranked lender in New Jersey - 17 contributions

We would be happy to help - visit us at www.7thlvl.com or give us a call 856-322-0233. The quote is free!

Feb 7th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,784 contributions

FHA allows for both an appraisal or a no appraisal option. ALL MORTGAGE loans have CLOSING COSTS! How you pay for those closing costs varies. Most people on a no appraisal FHA Streamline select to pay for the closing costs by accepting a slightly higher interest rate. Sit down with a local NON-BANK Loan Officer to discuss your personal situation to decide what is best for you. www.FHA-Streamline-Refinance-MN.com

Feb 7th 2013
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

No appraisal required. Costs may be paid by your lender or paid by you. Lender paid will result in a higher interest rate on your loan.

Feb 7th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

there are a couple different types of FHA Streamline loans. There are closing costs on every loan always! The only question is how will they be paid, by you or the lender.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

Feb 7th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

You can do an FHA streamlime with NO APPRAISAL and we can give you an NO COST option on your loan. Please click on the image at left to go to my profile page and get my contact info.

Feb 7th 2013
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