FHA Refinance Options
FHA Mortgages allow several options for refinancing. They will lend 85 percent appraised value where conventional only lends 80 % on a cash out refinance. It may make a difference when deciding which loan product is best for your situation. 

Whether you want to get cash out of your home, you are looking for a quick and easy way to lower your payments, have home improvements planned, college expenses... 
FHA has an option for you! One of our mortgage professionals will be able to explain exactly which option is the best for your situation.
  • Rate Term Refinance: Lower your rate and / or term to lower your payment or pay off your mortgage quicker! And if you currently have an FHA mortgage, you qualify for a Streamline Refinance which is even easier and faster!
  • Streamline Features: Streamline FHA ​You have so many options based on your needs. Depending on the type of streamline FHA refinance you select, you will not need an appraisal and may not even be required to prove income! How much easier could it be?
  • Cash Out: Seeing DIY projects that you would love to try? Ready to upgrade your kitchen or bathroom to the space you have been dreaming of? Ready to take a vacation or simply need to pay college tuition for a child? A Cash Out FHA refinance is perfect for you! Ask one of our loan professionals for an exact amount you will be able to access in your home!

The loan process for a refinance is much easier versus when you purchased your home. The inspections and documentation required with a purchase are often not required on a refinance! 

Call for more information 256-543-0670, Text questions below, or apply now and we'll guide you to the best option for you.

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