Colorado Refinancing from Fannie Mae

Posted by Angela Lanfranco

May 18, 2009

New Colorado Refinance Program from Fannie Mae

Denver Colorado Streamlined Refinancing

Denver Home owners could be in for a big incentive based on the new program by Fannie Mae. Some home owners who are facing home value losses could see some stimulus. If you live in Colorado and have a Fannie Mae loan, GoldenLenders would like to talk with you. If you are currently in an ARM or interest only, we may be able to assist you in securing a more stable loan and reduce your monthly payments.

FHA Streamlined mortgages in Colorado

This program is designed to assist homeowners in getting a better rate without the hassle of all the historical documentation. Turnaround times can be quick and painless. If you meet the following criteria, you should qualify for the FHA Streamline refinance option:

- 1 year no late payments on your mortgage.
- You have an FHA loan.
- You’re currently up to date with your mortgage.
- Provide your Social Security Number.

What’s so great about this new program? You do not need to go through the appraisal process. You get to refinance the original amount of your loan even if your home has lost value. This refinance option will lower your payment and your interest!

What to expect?

You will not get more than the original amount for starters. If you are looking to make any money, this is not the program for you. This process can be completed very quickly and it’s painless. Little documentation is required and the only thing you would need to do is show proof of your Social Security Number.

Got Questions?

Not sure if you have an FHA Loan? Give us a call - We can assist you!

Golden Lenders will be pushing this new refinancing until it expires. Give us a call or send us an email today!

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