HUD Insured Interest Rate Reduction Refinance Loans

What HUD Does For Refinancing Your Home

HUD allows individuals who currently have a higher rate HUD insured Loan to take advantage of lower interest rates without all the paperwork normally associated with refinancing. In order to qualify you must be making timely payments and have a HUD insured mortgage. All liens on the property must be subordinated to the VA loan.

• NO appraisal is needed
• NO income verification
• NO credit underwriting
• NO Termite Certificate

You may close in your own homeThis is the simplest and fastest way for a HUD mortgage holder to take advantage
of lower interest rates.

What the Refinancing HUD Borrower
Needs To Get Started

Now that you have decided to reduce your interest rate, you need to enroll in the HUD insured mortgage program.

To get started, contact the rate reduction department at 1-866-562-6318. Be prepared to have the following information available:

• Borrower (s) name, address
• Social Security number (s)
• Phone numbers
• Date of birth (s)
• Estimated loan balance
• Estimated property taxes
• A deposit of $195.00 is required and is refundable upon closing. (Visa, MasterCard, and Discover)

Available terms for VA Financing:

• 30 year fixed rate
• 25 year fixed rate
• 20 year fixed rate
• 15 year fixed rate
• 10 year fixed rate
• 1/1 ARM fixed for 1st year
• 3/1 ARM fixed for first three years