|
FHA streamline refinancing requires very minimal amount of
documents. Following is a list of the documents needed as well as an explanation of
why we need each of these for you to discover your potential mortgage refinance savings.
Mortgage "Note"
The note contains your FHA case number. The FHA case number is the insurance policy number
of your government insured FHA mortgage. This case number is required to re-order a new
case number and the MIP insurance for your FHA streamline refinance. This is the original
documents you signed that indicated the amount owed and your monthly payments. It should
be between 2 to 4 letter size pages and should have the word "NOTE" at the top
of the first page.
Current Mortgage Payment Coupon /
Statement
The mortgage payment coupon contains the name of the lender, loan number, and
current monthly payment. This is needed so that we can order a pay-off statement to get
the exact amount of the loan we are streamline refinancing.
Hazard Insurance Policy
The Hazard Insurance policy or Homeowners Insurance policy is needed since it
contains the name, account number, and yearly amount of the policy. This information is
needed in order to request an updated policy reflecting the new lenders name as well as to
enable us to quote you an exact monthly payment.
Copy of Social Security Card and
Drivers License.
This is a FHA requirement for all FHA insured loans.
The above information
is all of the basic documents needed in order to complete a typical FHA streamline
refinance. This list may vary slightly on a case by case basis. By gathering these basic
documents you will be properly prepared to insure a truly "streamline" refinance
of your FHA loan.
You do not need to
gather all of these documents at this very moment to discover your savings but you will
eventually need them to process your FHA streamline loan. For your convenience, you
may request a complete items needed list via email by simply clicking > Here.
Now that you
understand the qualifications of the FHA streamline refinance and you know what documents
you will need, learn about the the most important stage of the transaction by clicking
here >>> Closing
your FHA streamline refinance.
|
