So, the combined 108,034,390 people in these two nations was about 1,596,610 less than 109,631,000 collecting welfare in the United States. It may be more telling, however, to compare the 109,631,000 Americans taking federal welfare benefits at the end of 2012 to Americans categorized by other characteristics.
No Appraisal Required. Even if you owe more on your mortgage than your home is worth, an FHA streamline refinance is an option as long as you find a lender who does not require an appraisal. However, that can be a challenge, even though the FHA says an appraisal is not needed.
The streamline refinance is simple: a new mortgage is created that pays off the current USDA mortgage and takes advantage of todayâs lower interest rates. The qualification process is quick and easy and generally requires NO appraisal and NO credit check. It also does not matter if your home is no longer in a USDA rural development eligible area. However, because this program is so borrower-friendly, there is no option to receive cash out.