FHA offers some great options for refinancing. Some do not require an appraisal which is helpful when it comes to closing costs and getting the loan to closer faster. They only require 2.25% equity for a rate/term refinance and you only need 15% equity for cash-out.
They also provide:
- Options that have less restrictive credit score requirements
- High Balance
- Rehabilitation loans to fix up or remodel your home
- Cash-out to pay off debt
To find out if this refinance is right for you, contact a loan expert:
Call us at 1-800-700-5839 or Apply Here.