Fha Streamline Update From HUD

Expect some changes coming our way on FHA Streamline Refinance loans. In the past, borrowers were able to refinance with limited documentation. If their loan went into default this did not impact the current banks compare ratios. However, with new guidelines all of this is about to change. Therefore, it’s only a matter of time before the lenders come out with new fha streamline refinance guidelines. If you are thinking about refinancing your fha loan, now would be the time to take advantage of the program before the new changes take place.