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Need to refinance my current FHA loan to a conventional loan

by lucy.spierings526 from Erie, Pennsylvania. Jun 30th 2016 Reply


I can help!! I am licensed in Pa. And have the lowest credit score requirements based on fannie mae guidelines. You can apply anytime on my site: www.movement.com/jason.bennett

Jun 30th 2016
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Scott Fix (ScottFix)
#1352 ranked lender in California - 184 contributions

Lucy, easily done if you meet credit and income requirements. Why moving out of FHA, the mortgage insurance (MI)? If so, look at the conventional products, but be wary that the MI is not hidden in the fees, rather than a monthly amount withheld for payment in impound. If you are looking for a lower rate, but are not concerned with your MI, look to do an FHA steamline!!! Again, call a local loan professional to discuss your options!! All the best, Scott.

Jul 1st 2016
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Jericho Cherry (Jerichocherry)
#57 ranked lender in Virginia - 1,107 contributions

You should not have a problem as long as you meet all the qualifications.

Jul 1st 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,471 contributions

The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. They can also put together a side by side comparison so you can see which way would be most beneficial to you.. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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 1st 2016
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