Yes! – 360 Mortgage Launches Two New Refinance Product Offerings

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360 Mortgage Blog1 Yes!   360 Mortgage Launches Two New Refinance Product Offerings In this ever changing world, it is important to remain forward looking when it comes to offering new and innovative products.  At 360 Mortgage Group, we agree with this approach and have launched two new mortgage product offerings -
1) The Veterans Affairs (VA) Interest Rate Reduction Refinance Loan Program; and 2) The Federal Housing Administration (FHA) Non-Credit Qualifying Streamline Product.  Both are currently available.

The VA Interest Rate Reduction Refinance Loan Program is designed to help qualified veterans, reservists, active duty personnel, or eligible family members with VA home loans benefit from current historically low interest rates with minimum
requirements.  And the FHA Non-Credit Qualifying Streamline Product will help individuals with FHA home loans take advantage of low interest rates without an appraisal or income documentation.

VA Interest Rate Reduction Refinance Loan Program Key Product Guidelines:

  • 30 Year Fixed Amortization
  • Minimum 680 FICO Score
  • Subject Property is Primary Residence
  • W2 Wage Earner (May Not Be Self Employed)
  • Minimum Two Years with Current Employer
  • Maximum LTV 150% based on AVM (appraisal at originator’s
    option)

FHA Non-Credit Qualifying Streamline Product Key Product Guidelines:

  • No LTV Restrictions and No Appraisal or AVM Required
  • No Appraisal Required
  • 30 Year Fixed Amortization
  • Minimum 680 FICO Score
  • Subject Property is Primary Residence
  • W2 Wage Earner (May Not Be Self Employed)
  • Minimum Two Years with Current Employer

We are excited to open up our refinancing offerings to a larger group of borrowers who have previously been restricted by various eligibility requirements.

article clipper vert Yes!   360 Mortgage Launches Two New Refinance Product Offerings

Written by 360mtg

January 10th, 2013 at 7:28 pm

Posted in Uncategorized

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