Scout Mortgage works with Arizona homeowners to refinance their existing FHA home mortgage loan, lowering both the monthly mortgage payment and interest rate.
In order to take advantage of the FHA Streamline Refinance, Arizona homeowners must qualify for the following:
- Have an FHA home loan
- Have an excellent payment history on the mortgage, paid on time and in full for the previous twelve months
- Own the property for the previous six months
- Work with an FHA-approved lender, like Scout Mortgage
Additional advantages of an Arizona FHA Streamline refinance loan include:
- FHA Streamline loans normally do not require an appraisal. However, it is important to remember that the no-appraisal home loan cannot exceed the current loan value.
- FHA Streamline loans do not require income verification
- The entire refinance process takes only a couple weeks
- Closing costs must be paid up front or through a “no-cost” FHA Streamline loan.
For more information about Arizona FHA Streamline refinance loans, give us a call at 480-607-7906 or toll-free at 1-877-428-4344. We’ll be happy to help identify if an FHA Streamline refinance loan is your best option.