What is a Streamline Refi?

An FHA Loan is a home loan that is federally insured by the FHA. FHA is designed increase access to home ownership through lower down payment requirements and federally provided mortgage insurance. FHA has maximum loan limits based upon the home price index for each Metropolitan Statistic Area (MSA). Orlando MSA max is currently $353,750. We can determine what the max is for your MSA. FHA requires that you have a 3.5% down payment. This can be your own funds or a gift from a family member. In addition to your down payment, closing costs must be paid for; however, the seller can contribute up to 6% of the purchase price to cover your closing costs.

Get Pre-Approved

Up to 96.5% LTV Financing
Available with 580+ Credit Score
First Time Home Buyers OK
Maximum Loan Amount Varies by Metropolitan Statistical Area
Orlando MSA max is $353,750, contact us for your area
Must provide proof of Income and Assets
Owner Occupied Homes Only

FHA LOAN DETAILS

FHA provides federal mortgage insurance (MI)
MI premium is split between an upfront amount paid at closing and a monthly MI payment
The upfront MI premium, also call the FHA Funding Fee, can be financed into the Loan
The monthly MI payment is paid as part of your monthly mortgage payment
6% Seller Contributions Allowed to closing costs
30 Year Fixed
15 Year Fixed
5/1 ARM
Purchase, Refinance and Cash Out Refi
Single Fanily Homes, Townhomes, 1-4 Unit Homes (duplex, triplex, quads) and FHA approved Condos
See our FHA Streamline page for information on FHA to FHA refinances with NO appraisal required