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FHA Short Refinance
REFINANCE YOUR HOME TODAY AT 97% OF TODAYS APPRAISED VALUE!
- Struggling to Make Mortgage Payments?
- Facing Foreclosure?
- Tried To Refinance, But Couldn't?
FHA Short Refinancing Highlights
- Primary Residences Only!
- Your Home Must Be Located in Florida!
- Must Be Current on Mortgages!
- 620 Minimum Mid Credit Score!
- Full Doc Only! (must verify sufficient income)
- New loan Amount 97% of Today's Value!
- Lenders Forgive Shortage!
- Closing Costs May Be Financed!
- Lender Write Down is Voluntary
FHA Short Refinancing is the process of refinancing your current mortgage(s) into a new FHA 30 year fixed rate mortgage for up to 97.75% of your homes current value (many times closing costs may be included). Many lenders are accepting short refinance payoffs because it is more cost effective than foreclosure proceedings. Foreclosure is an expensive solution for a lender for loans in default; not only does the lender not receive payments for up to a year, but they may lose out on fees associated with the procedure. A FHA Short Refinance Payoff is just one of several alternatives that might be more cost effective for your lender(s). FHA Short Refinance also allows borrowers to keep their home.
Here is an example... of how much you could save!
Example: A $250,000 mortgage balance and the homes current value is $100,000, the refinanced FHA loan would repay the lender 90% of the home’s current worth, about $85,000. The existing home owner’s new loan would be for 90% of the $100,000 or $90,000.
Do you qualify for a FHA Short Refinance?
HELPING STRUGGLING FAMILIES IN FLORIDA KEEP THEIR HOMES!
We look foward to helping you refinance your home please go to Step One and start the process.
H aving trouble making your mortgage payments, we may be able to help you, by refinancing your loan into a new 30-year fixed rate loan with lower payments.
Is your loan serviced by Select Portfolio Servicing? We CAN help you!
 Chasque aquí para hablar con un asociado de habla hispana
Sustainable, Affordable Homeownership
American Eagle Credit LLC
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Homeowners, are you having trouble paying your mortgage?
We have multiple programs available to you, APPLY TODAY to find out if you are eligible for one of our FHA loan programs listed below.
 The FHA SECURE is a refinancing option that gives homeowners with non-FHA mortgages, current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. With FHASecure, the lender will not automatically disqualify you because you are delinquent on your loan, and the lender may offer you a second mortgage to make up the difference between the value of your property and what you owe. The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since 1934. Now we want to keep those dreams alive.
The Short Payoff Refinance (Short-Pay Refi) short-refi, short refinance, or also known as a short-payoff, is a FHA approved transaction, where the current lender agrees to accept less than the full amount owed on your property. This process is similar to a short sale but, instead of the property being sold, it is refinanced with a new lender. The short-refinance allows the homeowner to retain ownership of the property,while at the same time avoiding a foreclosure or possible bankruptcy and best of all wiping out negative equity! Our goal is to help Florida homeowners keep their home and achieve long term affordable payments with this new FHA program.
EAGLE MORTGAGE COMPANY of Venice understands the challenges many homeowners are facing. Whether you simply owe more than your homes value and have been unable to refinance, possibly facing foreclosure or currently in foreclosure, we're here to help.
As a Correspondent Mortgage Lender we have the authority of the Federal Housing Administration (FHA) to assist in the lending of three-hundred billion dollars to help homeowners who are currently facing these challenges. Our corporate office is located in Venice, Florida and specializes in providing Residential loans. We have FHA, VA government backed loans as well as access to over one-hundred of private and national investors.
Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. So we make a commitment to you. We will help you qualify, apply and be approved for the best FHA loan program available.
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