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FHA Streamline


FHA Cash Out Refinance


FHA Refinance

Our FHA mortgage loans present new options for existing homeowners and new possibilities for first time home buyers to invest in real estate. The new government programs encourage consumers to purchase homes with a small down-payment, flexible credit guidelines and low interest rates that are fixed for thirty year terms. FHA Mortgage Loan Services offers mortgage refinance, home purchase loan quotes and fixed rate FHA loans with low interest rates.

  • FHA Home Refinancing to 97% (no cash back)

  • 30 Year Mortgages with Principal and Interest Payments

  • Cash Out Refinance Loans to 95%

  • Mortgage Insurance is Tax Deductible

  • FHA Streamline Refinance to 97%

  • Limited and Bad Credit FHA Refinance Loans Offered

Even with interest rates being slashed down to less than 6%, conventional lenders still have not loosened up their lending standards. If you have a credit score of less than 680, you would need compensating factors in order to be eligible for refinance under a conventional loan. With FHA, bad credit is allowed with compensating factors like low debt to income ratio, good assets and stable employment. You are considered to have bad credit if your FICO credit score is below 620. So, if youíre refinancing with FHA and you have reasonably decent credit scores, you could qualify under the automated underwriting system without having to worry about compensating factors.

The reason the FHA has this flexibility in loan underwriting is because the FHA doesnít actually buy or underwrite loans. You qualify for it through a standard mortgage lender. What the FHA does is insure mortgage companies from losses. So, if the borrower defaults on their mortgage, the home loan lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan.

One thing that FHA has in common with conventional loans is that FHA loans are considered full documentation mortgages that require complete income documentation like W2's, pays stubs and full tax returns if you are self employed. This is important. Remember, the subprime meltdown occurred as a result of lenders not fully documenting borrower incomes. Thatís one of the main reasons home value have been sliding.