HUD announced a few new FHA home refinance loan programs in 2010. Americans like FHA refinance loans because the rates are low and credit score requirement are fairly modest. Home refinance loans are difficult to find these days, so HUD insures loans and fair lending with low FHA interest rates. In 1934, FHA created an environment for low mortgage rates and affordable terms that people could count on. Today, Smart Home Equity provides a range of FHA refinance loans to choose from:
FHA Rate and Term Refinance for lower payments
FHA Refinancing for borrowers with ARM's
Streamline Refinance for FHA clients to achieve lower rates
Cash Refinancing with FHA for borrowers with at least 5% equity
According to James Shelton, a FHA lender from Annapolis, "The FHA refinance loan has become the best option for my borrowers with less than perfect credit. In addition, this FHA rate program also helps my borrowers with good credit and little equity."
FHA Mortgage Options for Homeowners with
Good and Bad Credit
