What is an FHA Streamline Refinance?
- The FHA Streamline is a refinance program from the Federal Housing Administration which could get you a lower rate on your FHA mortgage without an extensive qualification process. Simply put, the typical refinance process is streamlined!
- In order to qualify, you must currently be in an FHA loan.
How the FHA Streamline Refinance Loan Works
- -FHA Streamline is a refinance program for homeowners currently in an FHA loan.
- -FHA Streamline is offered as a 30-year fixed, 15-year fixed or a 5-year ARM (adjustable rate mortgage).
- -No appraisal required.
- -Minimal credit requirements.
- -FHA Streamlines only allow up to $500 in cash out.
Is an FHA Streamline Refinance right for you?
If you’re in an FHA loan now and:
- -Your current mortgage rate is higher than today’s mortgage rates.
- -Your current mortgage is an adjustable rate mortgage you can convert it to a fixed rate.
FHA Streamline Refinance Benefits:
- -Lower your rate
- -Decrease payoff time
- -Pay less interest over the life of the loan
- -No appraisal is required
- -No equity is required
- -No income re-qualifying
- -Close is days, not months
Apply Now To Find Out:
1. How much we can lower your payment.
2. How quickly we can close your loan.
3. How we will help you improve your credit scores.