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Looking for FHA Streamline on CT Investment Property

I'd love to refinance my 5.75% fixed 30 yr loan (27 yrs remaining) on 2 family, non-owner occupied investment property. Doesn't qualify for HARP (FHA backed) Income and credit score are not a problem, but LTV might be... I owe $172,000 of the $180,000 loan. The property should appraise at $220,000. Monthly mortgage of $1,602 includes taxes and insurance. Current lender (Bank of America) says they aren't doing any refinancing?? Ideally, I love the sound of a loan without an appraisal and with a lender credit for closing costs. Any advice on where to go for a better rate in my situation?
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May 12 2013 - West Hartford
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No streamline, it will be a full doc conforming loan. LTV is capped at 75% on a Conforming loan, you will need an appraised value around $230K or higher or pay the balance down to reach 75%. Not sure why B of A wouldn't refinance this loan...Doesn't matter since you will get a better deal somewhere else.
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May 14 2013
The OP couldn't do a streamline because they didn't have an FHA loan:

"After some research I've learned that it's not an FHA loan, but a conv. Unins."
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August 18 2013
When doing FHA streamlined refinance, it pays to shop around. Refinancing an FHA loan should be pretty easy. You will want to ask your lender specifically for an "FHA streamline refinance."
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August 18 2013
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Thanks, Clay Right, my LTV is just over at 76%, and paying down the balance isn't an option. So with closing costs and all the fees the question becomes what kind of rates are out there for investment properties with a slightly higher LTV? Or maybe I'm best staying as-is?
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May 14 2013
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After some research I've learned that it's not an FHA loan, but a conv. Unins. Sorry, This is all new to me! I assume I can't do a streamline with conv. unins? CanI still do better than 5.75% based on the numbers in my original posting below? (Excellent credit, no income issues)
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May 14 2013
I am able to do FHA streamlines on investment properties that have current FHA loans. Call me if you would like my help.

Regards,

Brynn
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May 13 2013
I am in Berlin, CT and a direct lender.  Feel free to reach out to me via email for FHA non-owner occ streamline guidelines.
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May 13 2013
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Interesting... I hadn't heard about that. BOA bought the mortgage quickly after I purchased the property, and that, of course, was no surprise. So if another lender may take over you say weather the transition, then re-assess?
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May 13 2013
Click on my picture and send me an email from that page, I will send you information.
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May 12 2013
Sit tight, as it is likely that another lender is soon to take over your loan.  BOA is selling a huge chunk of their fha loan pool by September. 
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May 12 2013
 
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