The New 2012 FHA Refinance Offers Savings For Seattle Home Owners (Demo)

The Washington State 2012 FHA Streamline Refinance information below is accurate as of May 2, 2012.  FHA Streamline refinance information attained elsewhere may be inaccurate or out-of-date.

On March 6th, president Obama revised the FHA refinance guidelines to assist homeowners regardless of their home’s value or today’s high FHA private mortgage insurance rates.  The Washington State FHA Streamline Refinance Program is saving Puget Sound FHA homeowners on average, $275-$500/month.

Watch this short video, the savings will shock you!


CLICK HERE To Qualify For the Revised 2012 FHA Refinance Program

What Changed With the New 2012 Streamline Refinance?


Under the former FHA refinance guidelines, FHA required an upfront mortgage insurance fee of 1.75% of the loan amount, along with an annual mortgage insurance premium of 1.25% (divided monthly = monthly mortgage insurance fee).

Under the new FHA streamline refinance, the upfront mortgage insurance fee will be reduced to 0.1%, and the annual mortgage insurance premium fee will be cut in half to 0.55% (very similar to the monthly FHA mortgage insurance rate from 2008).

How Much Will I Save With the New 2012 FHA Refinance?

This is an actual example of a Savings Analysis for a Seattle home owner that just applied for the new 2012 FHA Streamline Refinance.  As you will see, this borrower will be saving over $300/month and almost $19,000 over the next 5 years! (click image to see full report)

Click Here To View this Seattle FHA Streamlines Refinance Savings Report


How Do I Know If I Qualify For the New 2012 FHA Refinance?

(1) Your mortgage must currently be insured by FHA
(2) You must be current on your mortgage
(3) You must have closed your FHA mortgage PRIOR TO June 2009
(4) You must have a 640 credit score or higher

If you meet those 4 criteria – complete the short form at and I will be in touch with you within 1-hour with a rate quote and FHA Streamline Refinance Pre-Qualification.

Aren’t quite sure about #’s one and three? Call me, and I can help you quickly answer those questions!

2012 FHA Refinance – No Appraisal, No Income, No Credit Verification

If you are current on your Washington FHA Mortgage, the government has made it real easy for you to save thousands by refinancing to a lower rate.  FHA will not require an appraisal, nor will they qualify you based on your debt-to-income ratios.  FHA simply wants to see a net-tangible benefit (monthly savings, convert ARM to fixed rate) in order to issue an approval on your refinance.

How Do I Apply For the New FHA Refinance?

Getting approved for the new FHA streamline refinance is a simple process. I am more than happy to help you gather the items that you need and present you with a complimentary Washington FHA Streamline Refinance savings analysis.

I have put together a detailed list of the items that you will need, along with the step-by-step process required to lock in a new, low rate under the New FHA refinance program.


(1) Download the New FHA Streamline Checklist.
(2) Just complete the few additional questions that I need to verify your qualifications at  I will be in contact with you within an hour with your results!

What If My Mortgage Is NOT A FHA Mortgage?

There are other government refinance programs that can assist you in the refinance of your home if you are underwater on your mortgage.  I encourage you to look at the Fannie Mae and Freddi Mac HARP 2 Refinance Program for Washington State Homeowners.  We are having a great amount of success helping Washington Homeowners save money with HARP 2!

I always value the opportunity to serve my readers, so please do not hesitate to contact me directly at (425) 350-7136 for more information on getting approved for a Washington State FHA Streamline Refinance.

Lastly – If you found this information valuable, please let me know by clicking the “Like” button down below to the left (it makes me feel good knowing my readers appreciate my work). Also, please feel free to leave a comment or question below!

Dan Keller – [MLO#115349]
(425) 350-7136

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