Can I get a FHA streamline on my rental property if i still owe more than its current value?

Too much info is missing, we would need to know which type of loan you currently have to be accurate.. If your current loan is FHA, then YES!! you can refinance your existing balance using FHA's Streamline refinance feature. FHA allows this, however not ever lender will, so you will have to shop for the lender who allows for FHA streamline refi's on investor owned properties.. If your current loan is VA, you must occupy the home as your primary residence to qualify for VA's IRRRL. If the current loan is a conventional loan, and if it was initiated prior to June, 2009, and it's currently owned by Fannie or Freddie, you might qualify for a HARP refinance.. if none of these scenarios work, then you will have to wait till the value increases or the loan balance decreases to where you have sufficient equity to satisfy the lenders maximum Loan to Value requirement to refinance. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You could possibly qualify for the HARP loan. Contact me email or phone steffnie@peoplesbankusa.com 405-445-1091

An FHA loan needs to be your primary residence. If you have a Fannie or Freddie loan now you may have another option.

Sorry my friend, not on rental property. Your only hope is the HARP Program if the loan is owned by Fannie Mae or Freddie Mac.

Yes, only if the current mortgage is an FHA mortgage. It has to be an FHA Streamline W/O an appraisal. There may be some investor overlays that do not permit investor.

yes you can

YES and no... FHA will allow an existing FHA loan that was owner occupied, and is now a rental to be refinanced under the streamline program. FHA does not "knowingly" allow for an underwater refinance, but as most streamlines can be done without an appraisal, it is very common to actually do an underwater FHA streamline refinance. In MN and WI, visit www.Streamline-Refinance-MN.com for assistance.

Only if the new lender accepts rental properties.

Q: Can an investment property be considered for streamline refinance when the original loan was completed as a primary residence?A: Yes, it is acceptable to complete a non-credit qualifying streamline refinance of an investment property. The maximum loan amount is limited to the unpaid principal balance ONLY.emarez@thefederalsavingsbank.com

There are lenders who will do an FHA streamline on a rental property AS LONG AS the existing mortgage is an FHA loan. The key is to shop around. In this case a broker may be your best bet because they have access to many investors. I know that Freedom Mortgage offers this under their FHA program.