|
|
||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
Do a Refinance-Rate/Term
and Cash-out Refinance
-FHA Streamline
-620 Minimum (currently)
-No Appraisal
-No Income Verification
-No Asset Verification
-Will need to Credit Qualify
-1x30 day late currently ok
-Cash Out up to 85% LTV
will require new Appraisal
-Rural Development Streamline
-620 Minimum (currently)
-Available with or without Appraisal
-Income and Assets Verification Required
-Will need to credit qualify
-1x30 day late currently ok
-Cash Out up to 95% will
require new Appraisal
-VA Streamline
-620 minimum (currently)
-Appraisal may not be required (varies by Lender)
-Income/Asset Verification may not be required (varies by Lender)
-Will need to credit qualify
-1x30 day late currently ok
-Cash
Out will require new Appraisal