About Government Refinance and Home Purchase Programs

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

As we have discussed in the past, the new FHA streamline program that went live June 11 is hugely beneficial to families who have FHA loans that are more than three years old. Well the expected stampede to participate in the new program is underway and several large FHA-approved lenders have decided they need to place limits on the number of FHA loans they are refinancing and servicing. The end result of this pullback by banks is likely to be that FHA streamlines will soon have higher interest rates and will be harder to come by. If you have an FHA loan that is more than three years old contact us in the sidebar right away. From the looks of things this new program with the record low interest rates might be much harder to get in the next few days.

Comments (0) Posted by G.R.A. Admin on Saturday, June 16th, 2012

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