Try Freedom Mortgage & US Bank

We specialize in Manufactured home loans.  CountryPlace Mortgage.   We do streamline FHA loans.   Please call me at 800-918-2045.

Have you checked the Scotsmans Guide? There is a lot of good lender info.

We can do them at Wells Fargo, give me a call  

I currently have an FHA Loan with BOA at a rate of 6.875%.  It is a Manufacuted home, the original Loan was $97500, original appraisal was $120,000. 30yr mortgate..I am 5 years into the loan (just removed PMI).  I would like to do an FHA Streamline to a 15yr mortgage. At the new interest rates, my PI payment would remain virtually unchanged.  Current appraisal is roughly $75000, and Payoff is $91500.  I have an 813 Credit score...

Now that the Scenenrio is done... I am being told by a lender that I CAN NOT do a FHA Stream line with a rate/term change without doing an Appraisal.  If I want no appraisal I have to stick with a 30YR, which I dont want to due to the new PMI would eat up all of my savings on the new loan.

My question is Can I do a FHA Streamline from a 30yr to a 15yr WITHOUT an appraisal?  If so...Who can help me??? Please!!

You cannot do a streamline from 30yr to a 15yr because the guidelines state that its not a benefit to the borrower.   You c an only go 30 to 30.   Sorry I agree that you should be able to lower your term.   FHA is coming out with new guidelines for Streamline refi's and they should be changing the mortgage insurance on them.  The mortgage insurance will be a lot less on a streamline than a brand new FHA loan. 

Anyone else know of any lenders doing FHA Streamline Loans?? I called the ones mentioned on here, (sort of old thread) and they no longer do them

We are still doing streamlines.

Danielle Burgess

Account Executive

Impac Wholesale

danielle.burgess@impacwholesale.com

John,

What state are you in? If in Florida, i can help you.

David

Hello, I currently live in Illinois, but own a manufactured home in NC. We have an FHA loan on the home in NC with a current interest rate of 7%. We have a tenant in the home currently. We have decent credit, but cannot sell due to negative equity.  We originally paid $112 for the home and currently owe about $102.  The home has not been appraised recently, but willow values it at $89K.  Please tell me someone can help.  We are trying to buy in Illinois, but cannot due to a high DTI (50%).  With a refinanced mortgage, we may be able to qualify here in Illinois. 

Thank you for your help.

I can help with a FHA streamline on Wells Fargo serviced loan only.  Feel free to call me at 510.541.1615.

Best regards,