About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under FHA streamlines, Upside Down (Underwater) Mortgage Programs

The new FHA streamline program that was recently announced is set to go live in just over a month. Homeowners who got their current FHA loan prior to May of 2009 are eligible. The new program allows borrowers to replace their existing FHA loan with a new FHA loan at the current low interest rates without increasing monthly PMI, without adding any money to the loan balance, and without any closing costs. The FHA will start accepting these new streamline loans after June 11, 2012 but borrowers can begin the application process now in anticipation of the new program. If you have an FHA loan that is three years old or older contact us in the sidebar to learn more about this excellent new program.

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