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Are FHA mortgage loans assumable and can they be refinanced?

April 26, 2017assumable FHA mortgage loans refinanced

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Are FHA mortgage loans assumable and can they be refinanced?

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Yes & yes! One of the greatest advantages of ENG Lending’s FHA mortgage loans is the ability for the loan to be assumed. This allows the buyer a significant advantage in a high-interest rate market, and affords you an excellent sales advantage over your competition. FHA mortgage loans are also eligible for streamlined refinancing, offering you a lower than standard interest rate, which can lower your monthly payment. Streamlined FHA mortgage loans are an excellent selling feature when you’re ready to move up or move on. For more information on FHA loans, contact ENG Lending today!