Arizona FHA Streamline Refinance

Many people in Arizona who have gotten FHA loans recently are now wondering if the Arizona FHA streamline refinance program can help them save money. Depending on when you took out your FHA loan, you may be able to do a Arizona FHA streamline refinance and get a lower interest rate without having to completely re-qualify for a new loan.

Another additional benefit to the Arizona FHA streamline refinance program, is that you may also be able to defer one month’s mortgage payment when you participate in the Arizona FHA streamline refinance program.

Arizona FHA Streamline Refinance Qualifications

Many people want to take advantage of the Arizona FHA streamline refinance program just to defer a monthly payment, but FHA won’t allow it unless you meet these three criteria:

  1. You must occupy the property as your primary residence (no investment properties allowed)
  2. You can’t have more than two 30-day late payments on your mortgage in the last 12 months
  3. You can’t participate in the Arizona FHA streamline refinance program unless the benefits outweigh the costs

If you meet the above criteria, the next step is to speak with an expert in the Arizona FHA streamline refinance program who can help you qualify for the program and complete the required paperwork. You can get a list of Arizona FHA streamline refinance program experts or you can simply call 888.448.2669.

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