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FHA Streamline Refinance of Investment Property

I'm having problems finding a lender who does the FHA Streamline refinance on an investment property.  Anyone have any leads.  According to HUD guidelines, it's possible, but these lenders are either clueless or stupid.
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June 19 2012 - Greensboro
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Answers (9)

Be warned; Starkey Mortgage has a record of unethical practices and of diverting buyers away from their original realtors.
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May 13 2013
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Starkey Mortgage in Greensboro, NC was able to do it,
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January 07 2013
Eleanor - the user originally posted this in June 2012. Check the dates before replying.
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January 07 2013
FHA does not differentiate investment properties from primary properties in their pricing model. Some lenders might chose to charge more but it's not universal.
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January 07 2013
We offer FHA Streamline Refinances on Non Owner occupied properties.  The rates are slightly higher than other programs we offer - but we've closed several in the last 3 months.

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January 07 2013
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I finally found someone.  Starkey mortgage out of Raleigh was able to do it.
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October 18 2012

Hi SimpleLifeProperties - 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. 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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I am having the same problem.  If there are any lenders who are able to do this in Nebraska, please contact me at sarawatson1@yahoo.com
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June 19 2012
Several large investors have recently backed out of doing NOO streamlines, that also affects some smaller investors since they sell loans to the same investors.In addition, a few of the same are now only doing owner occupied streamlines if the loan is already serviced by them. 

Feel free to click on my picture, go to notes for my email address and send me one.
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June 19 2012
 
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