Refinancing into an FHA loan is a very similar process to refinancing using conventional financing. In fact, both loans require almost identical paperwork. The process generally follows the following steps:

• Submit loan request here
• Speak with your assigned FHA Loan Officer to discuss programs and options
• Complete a full mortgage application with the assigned lender
• Upon approval, supply the required documentation
• Coordinate with appraiser that lender chooses
• Schedule closing

That whole process generally takes no more than 30 days. One nice advantage of refinancing is that you are allowed to skip one month of your mortgage payment after you close. You can use this money to payoff another bill, fix up your home, or even go on vacation.

If you are looking to refinance and want the best rate and terms, and want an easy process with more favorable guidelines, an FHA loan is probably the best choice for you.

Apply Now to Request More Information