No income, No credit, No appraisal FHA Streamline Loans
- Upside down loans OK
- No appraisal needed
- No income verification
- No credit score requirements
- Borrower should have made timely mortgage payments for 12 months if owned for more than 1 yr or 6 months if owned less than 1 yr
- 1X30 day late in last 12 months OK .However there should be no 30 day lates in last 3 months
This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.