FHA Jumbo 'Streamline' Refinance Loan

Let an FHA Debt Consolidation Loan help you get out of debt by making one low monthly payment.

FHA Debt Consolidation Loans help homeowners refinance multiple debts into a single mortgage-backed loan, often with lower interest rates and manageable payments. Insured by the Federal Housing Administration, these loans are ideal for borrowers with fair credit who may struggle to qualify for conventional refinancing. By using home equity, borrowers can consolidate credit card balances, medical bills, and personal loans into one fixed monthly payment. This approach simplifies finances and may reduce overall costs. However, it is crucial to consider closing costs and long-term interest before proceeding. FHA Debt Consolidation can be a smart solution for financial relief and stability.

Some of these features include:

  • No Appraisal Required

  • Little (or No) Down-Payment Programs

  • Gifts can be used as the down payment

  • No Income Limits

  • 'Good Neighbor Next Door' Programs

  • 'Home Path Ready Buy Programs' to purchase previously foreclosed homes.

  • Energy-efficient mortgage FHA Loan Program and allows borrowers to combine the cost of energy-efficient upgrades into their FHA Loan loan upfront(without a larger down payment.)

  • FHA 203k Loans An FHA Backed Loan that lets you purchase a 'Fixer-Upper' home and borrow the money you may need up-front to pay for home improvement projects.

 

The important step in securing your FHA loan is to get an FHA Pre-Approval Letter. The peace of mind that comes with knowing that your mortgage loan has been pre-approved will allow you to proceed with confidence.

FHA Debt Consolidation Application