If you live in Boise, Idaho and are looking to Refinance your home, and you currently have an FHA loan, an FHA Streamline Refinance is a great way to go.
One of the best features of an FHA Streamline Refinance is that an appraisal does not have to be done on the property. As many of you know property values have been on the decline so appraisals have been coming back with values lower than what is needed to refinance many properties. That is why it is very beneficial not needing an appraisal done when you refinance your home with an FHA Streamline Refinance.
Another great thing about FHA Streamline Refinances is that you don’t have to get all of your documentation such as W-2’s, paystubs etc. gathered up and sent into the loan officer. There are also no Verifications of employment. When they say streamline refinance that is exactly what you get.
FHA Streamline Refi’s are a great way to lower your interest rate and your payment without going through the hassles of a standard refinance.
If you live in Idaho and you are thinking about refinancing into an FHA loan or you are thinking about doing an FHA Streamline Refinance you need to make sure you know the 2009 Idaho FHA loan limits associated with the county you live in. If you have any questions about refinancing your home. Feel free to contact me.
Andy Radke
Hyperion Capital Group
Mortgage Consultant
Direct: 208-859-5825
LoanswithAndy@gmail.com
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