FHA Refinance Florida 

  FHA - Federal Housing Authority

When considering which option to choose it is important to consider your loan to value. Loan to value is determined by estimating how much you need to borrow versus the value of your home.  If you do not know how much your home is worth I have a helpful link that will give you an estimate. CheckPropertyValue

FHA Cash OUT Refinance - If you need cash out FHA will lend up to 85% of the value of your home

FHA Rate Term Refinance- If you just need to do a rate term refinance, Fha will lend up to 97% of the value of your home

 FHA Streamline Refinance - If you are upside down on your value, you can still do an interest rate reduction with an FHA Streamline Refinance without appraisal. So in other words you can have unlimited loan to value, e.g 200% and still do a rate term refi and lower your payment.

Whats nice is that as of 3-6-2012 FHA is keeping the older mortgage insurance rates on these refis.