Do you still have questions?<\/li><\/ol>\n\n\n\nHow far back do mortgage lenders look at credit history?<\/h4>\n\n\n\n
During your mortgage lending process,<\/p>\n\n\n\n
lenders usually look at two months of recent bank statements.<\/p>\n\n\n\n
How long does it take to streamline refinancing?<\/h4>\n\n\n\n
In an ideal situation, a borrower can expect a more efficient refinancing to be completed<\/p>\n\n\n\n
anywhere from 30 days to as little as a few weeks.<\/p>\n\n\n\n
The typical refinancing process can take 45 to 60 days.<\/p>\n\n\n\n
What is the difference between Streamline and refinance?<\/h4>\n\n\n\n
The biggest difference between FHA Streamline and most traditional mortgage<\/p>\n\n\n\n
refinancing options is that FHA Streamline does not require a home valuation. Instead,<\/p>\n\n\n\n
the FHA will let you use your original purchase price as your home’s present value,<\/p>\n\n\n\n
no matter what your home is actually worth today.<\/p>\n\n\n\n
Does streamlining refinancing affect creditworthiness?<\/h3>\n\n\n\n
Because the FHA streamlining refinancing program does not require a full credit check,<\/p>\n\n\n\n
it can be a good refinancing option if you have bad credit. However, FHA-approved<\/p>\n\n\n\n
lenders may require a credit report for mortgages only,<\/p>\n\n\n\n
and the higher<\/p>\n\n\n\n
your credit rating, the lower your interest rate will be.<\/p>\n","protected":false},"excerpt":{"rendered":"
What are the FHA refinancing requirements? The eligibility requirements for an FHA payment refinancing include: – Housing (the property is your primary residence) at least 12 months before the application date. – No late payments during the last 12 months. – Maximum loan-to-value ratio (LTV) of 80%, or payout with as little as 20% equity. Similarly, how […]<\/p>\n","protected":false},"author":6,"featured_media":8602,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[5],"tags":[3101],"_links":{"self":[{"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/posts\/8599"}],"collection":[{"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/comments?post=8599"}],"version-history":[{"count":1,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/posts\/8599\/revisions"}],"predecessor-version":[{"id":8603,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/posts\/8599\/revisions\/8603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/media\/8602"}],"wp:attachment":[{"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/media?parent=8599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/categories?post=8599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zaratechs.com\/wp-json\/wp\/v2\/tags?post=8599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}