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FHA Refinancing Options

June 27th, 2011

The FHA Home Loan Blog published a great article today highlighting some issues that homeowners should consider when refinancing.

  1. Refinance now because conventional and FHA loan programs now before conforming limits rise at the end of summer.
  2. Some FHA lenders are more aggressive with approving a bad credit refinance for a borrower with compensating factors.
  3. FHA refinance loans is available to homeowners with a minimum credit score of 500.
  4. FHA mortgage products offer multiple mortgage terms such as 3/1, 5/1, 15-year, 30-year.
  5. FHA requires monthly mortgage insurance on FHA loans

Read the original article online at  http://www.fhahomeloanrefinancing.com/blog/refinance-with-fha/

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