Comments on: FHA Short Refinance http://www.fhaloanblog.org/2010/08/06/fha-short-refinance/ FHA Loan Guide offer FHA loan programs, FHA Refinance Loans & FHA Streamline Rates Thu, 24 Nov 2011 20:35:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bad credit home loans http://www.fhaloanblog.org/2010/08/06/fha-short-refinance/comment-page-1/#comment-1717 bad credit home loans Thu, 24 Nov 2011 20:35:18 +0000 http://www.fhaloanblog.org/?p=147#comment-1717 My mortgage balance (with Bank of America) is currently $100,000. It was an FHA loan. Yesterday, my bank told me that the value of my home is $50,000 and because they only make loans with a loan to value ratio of 80% they could not refinance my home because my LTV ratio was 200%. I thought Obama announced a refinance program that did not consider equity? My BofA rep told me that I should look for a bad credit loan, but my credit is good. He said it would be considered a bad credit loan because of my lack of equity---Except for the value of my home, I meet the other FHA loan requirements. Am I eligible for the FHA short refi program? Please respond with details. Thanks Ted My mortgage balance (with Bank of America) is currently $100,000. It was an FHA loan. Yesterday, my bank told me that the value of my home is $50,000 and because they only make loans with a loan to value ratio of 80% they could not refinance my home because my LTV ratio was 200%. I thought Obama announced a refinance program that did not consider equity?
My BofA rep told me that I should look for a bad credit loan, but my credit is good. He said it would be considered a bad credit loan because of my lack of equity—Except for the value of my home, I meet the other FHA loan requirements.
Am I eligible for the FHA short refi program?
Please respond with details.
Thanks Ted

]]> By: Jared Leichliter http://www.fhaloanblog.org/2010/08/06/fha-short-refinance/comment-page-1/#comment-1153 Jared Leichliter Sat, 22 Jan 2011 00:34:14 +0000 http://www.fhaloanblog.org/?p=147#comment-1153 If you have a 1st mortgage with CITI Bank that is NOT a Fannie Mae or Freddie Mac loan I can help you with principle reduction to 95% of current market value. There are no upfront fees but you must be current on your mortgage with no 30 day late payments in the last 12 months and be able to qualify for FHA financing. We have our own negotiators at Citi and the process can be completed within three months. Give me a call so I can find out if your loan is eligible for this program. Jared Leichliter Steltmen Wholesale 888-842-4452 If you have a 1st mortgage with CITI Bank that is NOT a Fannie Mae or Freddie Mac loan I can help you with principle reduction to 95% of current market value. There are no upfront fees but you must be current on your mortgage with no 30 day late payments in the last 12 months and be able to qualify for FHA financing.
We have our own negotiators at Citi and the process can be completed within three months.

Give me a call so I can find out if your loan is eligible for this program.

Jared Leichliter
Steltmen Wholesale
888-842-4452

]]> By: Wayne Cangialosi http://www.fhaloanblog.org/2010/08/06/fha-short-refinance/comment-page-1/#comment-868 Wayne Cangialosi Mon, 13 Sep 2010 23:06:26 +0000 http://www.fhaloanblog.org/?p=147#comment-868 My mortgage is currently more than my home is worth, so therefore I am Underwater as the programs suggests. i already have a FHA mortgage since 2009 . My mortgage is NOT in rears and is current, and has been since its inception. What can be done for me? How do I proceed from here My mortgage is currently more than my home is worth, so therefore I am Underwater as the programs suggests. i already have a FHA mortgage since 2009 . My mortgage is NOT in rears and is current, and has been since its inception. What can be done for me? How do I proceed from here

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