FHA refinance mortgages now have new expanded guidelines to allow more American homeowners to partake in the benefits of refinancing away from higher payment mortgages and into a safe and predictable FHA loans. With FHA loans your payments will never change and you will be given the security of a 30 year fixed mortgage.

• With an FHA refinance you can:
• Lower your payments by refinance away from your current ARM or Option Mortgage.
• Enjoy some the lowest FHA rates in history.
• Get cash out to pay off debts or improve your current home.
• Shorten or make your loan term longer to reduce payments.

Current FHA guidelines allow for less then perfect credit homeowners to refinance and receive a low interest rate which can put more money back in your pocket for you and your family. If you would like to lower your total monthly payments FHA refinancing could be the perfect solution for you. Get started by requesting a free consultation and rate quote. Your FHA loan officer will be able to help you with rate quotes and show you how much you could be saving every month.

Types of FHA Refinance Mortgages:

Fixed Rate
The FHA fixed rate home mortgage is considered the safest mortgage in the USA. This mortgage is insured by the FHA and comes in 10, 15, and 30 year terms. FHA fixed rate refinancing also has some of the lowest rates available which provides you with a very low monthly payment and gives you the security of payments that do not change for the life of the loan.

Streamline Refinancing
If you currently have an FHA home loan but want to lower your rate the FHA has a streamline refinance program that allows you to do a quick refinance into that lower rate so you can save the most money. This is a very fast process and often does not require any new appraisal or income verification.

Disaster Rehabilitation and Relocation
For those that have been impacted by disasters the FHA offers special help for rehabilitation of your damaged home or complete relocation.

Home improvement
Does you home need upgrading? Get an FHA home improvement loan for any improvement or upgrade on your home. The FHA encourages you to increase the value of your home by making improvements and allows for very flexible refinances for this purpose.

Debt Consolidation
Most of the debt Americans carry are offered at very high rates as compared to the low rates FHA provides, which makes debt consolidation with FHA loans a very attractive offer since not only do you improve your credit you also substantially lower your total monthly payments resulting in better peace of mind and more money available to you and your family each month.

Bad Credit Refinancing
FHA guidelines also allow for people with poor credit histories to refinance and still enjoy the same low rates that everyone receives with FHA financing. This allows hard working Americans that have a hard time with other debts to refinance out of risker mortgages so they can improve their situation by enjoying the lower payments of an FHA refinance.