An Idaho FHA Streamline Refinance With No Appraisal is the best way to go if you live in Boise, Idaho and are looking to Refinance your home and you currently have an FHA loan.


Benefits of a Boise Idaho FHA Streamline Refinance

  • Appraisal usually not required
  • Very little paperwork
  • No Appraisal Fee (if doing no appraisal option)
  • Easily increase or decrease the length of the term of your existing loan
  • Take advantage of current low interest rates
  • Little or no out-of-pocket costs


If you own a home and you still owe mortgage payments, chances are with interest rates as low as they are you are examining your refinancing options. In today’s economy everyone needs a way to lower their monthly payments and make housing more affordable. An Idaho FHA Streamline Refinance is a great way for a borrower to take advantage of the great interest rates on the market without needing to get an appraisal.


One of the best features of an FHA Streamline Refinance is that an appraisal does not have to be done on the property. As many of you know property values have been on the decline so appraisals have been coming back with values lower than what is needed to refinance many properties. That is why it is very beneficial not needing an appraise done when you refinance your home with an Idaho FHA Streamline Refinance. This also allows means that there isn’t an appraisal fee associated with your FHA refinance.


FHA Streamline Refi’s are a great way to lower your interest rate and your payment without going through the hassles of a standard refinance by not needing an appraisal and there is less documentation required from you by the lender.


A main benefit with Streamline FHA loans is that your monthly payments are permanently lowered. The extra money you have at the end of the month can go a long way toward helping you reach your financial goals.


If you live in Idaho and you have an Idaho FHA Mortgage then an Idaho FHA Streamline Refi is a great way to go. If you have any questions about refinancing your home. Feel free to contact me.



Rick & RickandJaneheadshotJane May
Mann Mortgage
Branch Manager/Owners
Direct: 208-861-0000
ID MBL-2550 / NMLS # 173614/12870



FHA Streamline Requirements

There are certain requirements of a FHA Streamline Refinance. First and foremost, your existing loan must be FHA-insured, current, and in good standing. The borrower must have opened the loan at least six months prior to refinancing. The Streamline Refinance must lower the borrower’s interest rate, thus lowering monthly payments. Cash back is not an option for this type of refinance.

10 Advantages Of Getting a FHA Mortgage in Boise Idaho

10 Advantages Of Getting a FHA Mortgage in Boise Idaho

1. Only 3.5% down payment which may include closing cost
2. Down payment and closing costs may be gifted from relative or employer
3. Higher qualifying ratios
4. Higher loan to value ratio
5. Cash out refinance up to 85% LTV
6. Can have a non-occupant co-borrower ( immediate family or established relationship)
7. Upfront MIP(mortgage insurance premium) can be financed
8. No pre-payment penalties
9. If interest rates drop you can do an FHA Streamline Refinance without an Appraisal.
10. Seller may pay up to 3% of Borrowers closing costs if stated in Sales Contract

If you have any questions about FHA Mortgages feel free to contact me.


Rick & RickandJaneheadshotJane May
Mann Mortgage
Branch Manager/Owners
Direct: 208-861-0000
ID MBL-2550 / NMLS # 173614/12870




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