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Drew Mortgage Associates - Best Mortgage Lenders in MA Providing FHA Streamline Loans

Drew Mortgage Associates are Boston-based mortgage planners that provide the best home loan program and rate possible to fit your individual mortgage loan needs. FHA Streamline is a home loan program that was introduced by the Federal Housing Administration (FHA), designed for existing FHA borrowers, to speed up the home refinancing process. The program reuses the original loan’s paperwork rather than starting from scratch, which creates less documentation and underwriting.<br><br>Read more about this topic visit at: https://www.drewmortgage.com/fha-streamline-refinancing/

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Drew Mortgage Associates - Best Mortgage Lenders in MA Providing FHA Streamline Loans

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  1. How the FHA 203k Streamline Loan Process Works? Are you looking for home loans that include home repairs too? You can use the FHA 203k streamline loan to renovate or repair your house! www.drewmortgage.com #NMLS ID 2856

  2. What is a 203k Rehab Loan? A 203k rehab is a home loan that allows for minor repairs under a single mortgage. The FHA insures that an FHA-approved lender will securely handle the loan. #NMLS ID 2856

  3. What Are The Steps To Apply For The FHA Streamline Loan Program? • Search for the best FHA 203k loan lenders • Seek pre-approval • Collect your documents • Find out a suitable property #NMLS ID 2856

  4. What Are The Steps To Apply For The FHA Streamline Loan Program? • For further alterations - consult a loan officer • Check the house’s alteration cost with your local contractors • Forward the contractor’s bid to your lender • After you're done – determine the appraised value of the home #NMLS ID 2856

  5. What Are The Steps To Apply For The FHA Streamline Loan Program? • You may receive conditional commitment to determine the cost of insurance from your lender. • While closing the mortgage loan, your lender will place the amount needed for alterations in an escrow account. #NMLS ID 2856

  6. Drew Mortgage Associates, Inc. Please visit the Drew Mortgage website to learn more about the FHA streamline loan program and how we can help you apply: https://www.drewmortgage.com/fha-streamline-refinancing/ Learn More #NMLS ID 2856

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