{"id":326,"date":"2012-02-08T17:50:42","date_gmt":"2012-02-08T17:50:42","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=326"},"modified":"2012-12-10T17:45:48","modified_gmt":"2012-12-10T17:45:48","slug":"fha-streamline-refinance-no-appraisal-in-michigan","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/fha-streamline-refinance-no-appraisal-in-michigan\/","title":{"rendered":"FHA Streamline Refinance no appraisal in Michigan"},"content":{"rendered":"

\"Michigan<\/a>President Obama recently announced that a comprehensive package that will be placed which houses administrative actions and legislative proposals in order to help homeowners.\u00a0 This is all in an attempt to support middle class families while also giving a boost to the economy.\u00a0 We\u2019ve got the facts regarding this housing market package in case you\u2019re interested in taking a look.<\/p>\n

Both HUD and the Federal Housing Administration (FHA) have been committed supporters of the Obama Administration\u2019s efforts towards improving both the housing market and economy.\u00a0 One great tool that homeowners can take advantage of is the FHA Streamline Refinance.<\/p>\n

The FHA Streamline Refinance<\/a> tool allows for borrowers to refinance on today\u2019s low rates without any additional underwriting.\u00a0 As long as those same borrowers are current on their mortgage payments, they can refinance into a brand new FHA-insured loan.<\/p>\n

There are lenders out there that have been quite reluctant to provide FHA Streamline Refinance\u2019s as they are worried of taking on a loan that has not been underwritten.\u00a0 Not to mention the possible negative effect these loans may have on a lender\u2019s FHA Compare Ratio.\u00a0 The Federal Housing Administration has luckily caught wind of these concerns form lenders and changes are now being made.\u00a0 First, FHA Streamline Refinance loans will NO LONGER appear in the Neighborhood Watch Early Warning System.\u00a0 You can expect to see the Streamline Refinances to disappear from the Neighborhood Watch public compare ratio.<\/p>\n

With the Federal Housing Administration instituting these changes, lenders should be expected to finally go along with FHA Streamline Refinances allowing homeowners to finally take complete advantage of today\u2019s low rates without having to deal with the additional process of underwriting.<\/p>\n

If you\u2019re looking to take advantage of the FHA Streamline Refinance program in Michigan with NO appraisal<\/strong>. \u00a0Then feel free to contact Riverbank Finance<\/em> by calling 1-800-555-2098<\/strong>.\u00a0 If you would like to be contacted via email, just fill out the form below.<\/p>\n

Take advantage of a Michigan FHA Streamline Refinance<\/h2>\n\n
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