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• Transfer impound/escrow accounts.
• Non-credit qualifying streamline requires no appraisal or income documentation.
• No credit scores required for mortgage rating credit reports or mortgage only ratings.
• Any occupancy type in accordance with HUD guidelines. Existing loan cannot have any lates within the last 6 months.
• Employment is not required to be verified, current and up to date borrower contact information is required.
• Asset validation for closing is required.
• Existing subordinate financing may remain in place up to 125% CLTV.
• Condominium’s do not require FHA approval for streamline transactions.
• A maximum insurable mortgage may not exceed the outstanding principal balance subtracting the refund of the upfront MIP in addition to the new MIP.
• Loan limits may exceed current limit for non-credit qualifying streamlines.
• No minimum FICO credit score required if no late payments in past 6 months
• No appraisal required
• No documentation required
• Must have a current FHA loan to be eligible
• Reduced documentation compared to standard FHA loans
• Credit qualifying loan programs available
• Manufactured housing property types may be eligible

Learn more regarding our FHA Streamline program by connecting with our award-winning team today!