FHA Short Refinance

When you start doing your research about a FHA short refinance you will find out that there isn't really a step-by-step guide to getting it done.

But through our exhaustive research and in working with the lenders who are actually willing to issue a short payoff under the right circumstances we have found out that these things actually help your chances of getting a FHA short refinance done:

1. If your mortgage has been sold from one lender to another.
2. If you are current on your payments.
3. If your home is worth significantly less than what you owe on it.

If your mortgage has been sold with the last few years, if you are current on your payments and if you are upside down in your home... you may be eligible for the FHA short refinance program.

FHA short refinances are still done even if the answers to the above 3 questions are "all wrong" but if you answer the "right" answer to the above three questions then you have a better chance based on our experience.

Many people find that getting a FHA short refinance done is not a "walk in the park" but no matter what, you won't have to hire a loan modification attorney to help you get one done. You can usually simply work with your existing lender to get a short payoff and then use a FHA lender that can help you get a new loan.