What is a FHA Streamline Refinance?

If you currently have a FHA loan you may be eligible to do a streamline refinance to either reduce your total mortgage payment, fefinancing from an Adjustable Rate to a fixed rate mortgage or reducing the term of the mortgage.

If you would like to do a NO cost loan then an Appraisal will be required. 

No credit qualifying or no debt qualifying required if your monthly principal and interest do not increase by more than 20% OR you are not adding / deleting a borrower such as in the case of divorce.  We just need to do a verbal verification of employment. 

The documentation needed to complete a FHA Streamline Refinance are:

• Copy of driver's license and social security card for the Patriot Act
• Copy of Note, Final HUD1 and current mortgage statement
• Hazard Insurance
• Credit Reporting Fee made payable to Kroll Factual Data
• Appraisal Fee, if required

Sun Nations Mortgage, Inc. Never charges an Application Fee!

WE ARE CURRENTLY OFFERING A $198 Fee Special for all loans submitted prior to December 10, 2010!

Our current fees are $990 - so that's a savings of $792.00!!!!!!  Loans must be submitted by 12/10 to close by the end of the month!

Please call 602 993-0000 to see if you qualify, get rates and a Good Faith Estimate.