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FHA Streamline Investment property in Michigan

I, like many others, am having difficulty in doing an FHA Refinance on my home turned investment property in Michigan.

Does anyone know any lenders that are actually willing to do it?

Thanks!
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July 10 2012 - Portage
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Profile picture for Candace S
Hi KzooSteve,

I would recommend taking a look at this link to find a lender in your area.

Thanks,
Candace
Zillow Customer Support
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July 31 2012

Hi KzooSteve - Did you ever find a lender that was able to assist you? I can do FHA streamlines on investment properties. I am licensed through the bank in all 50 states. These loans are locked and closed in 35 days or less. Only documentation needed from the borrower is and ID / Drivers License and an asset statement showing. The asset statement is to show they have the funds to establish a new escrow account and also pay the one month of interest FHA charges. Due to the FHA max mortgage calculator these are not allowed to be rolled in. No appraisal is needed on this transaction we would be using the original purchase price.  If I can be of any assistance to any please view my profile for contact information. Thank you in advance - James

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October 17 2012
 
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FHA Streamline Investment property in Michigan
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October 17 2012 | 2 answers
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