Washington FHA Streamline Refinances now available with Lower MIP
2015 Update – FHA has reduced their MIP rates to .85% and .80% for all FHA loans. If your current MIP is at a rate higher than these levels, you might be able to save money by Streamlining your FHA loan. Call us for a free quote.
Vastly improved Options for Washington FHA Streamline Refinances are coming. The Whitehouse announced today that HUD has authorized changes to the FHA Streamline Refinance Program that will help many Washington Homeowners with FHA Loans made prior to June 1, 2009 save hundreds per month.
The options for FHA Streamlines and FHA Jumbo Streamline Refinances in Washington have been prohibitive the past couple years due to increased FHA Mortgage Insurance rates. The new program will reduce the Upfront Mortgage Insurance Premium (UFMIP) to .01% according the news release by the Obama Administration at the Whitehouse today. But the good part is that the annual Mortgage Insurance Premium is being reduced to .55% for FHA Streamlines and FHA Jumbo Streamlines from a previous level of 1.15%.
These changes to FHA Streamline and FHA Jumbo Streamline rules will open the door for Washington Homeowners with FHA Loans to save hundreds per month in most cases.
VanDyk Mortgage is a Full Eagle Direct Endorsement FHA Lender, the highest level of approval from HUD. We have been making FHA Loans since 1987, and would be proud to help you as well.
We service all of California and Washington State, including San Diego, Los Angeles, San Jose, Sacramento, Riverside, San Francisco, Oakland, Ventura, Orange County, Seattle, Spokane, Tacoma, Everett, and every other city within these great states.
Call today to get started 866-900-2342 – Toll Free direct. Or apply online 24/7 –www.vandykfunding.com/loanapplication