FHA Streamline Refinance Program
Have an FHA loan?
An FHA Streamline is a quick and easy refinance to a lower rate.
Keep your FHA loan. Lower your monthly payment.
An FHA Streamline refinance is different than refinancing into an FHA mortgage. It’s an efficient refinance program for those homeowners already in an FHA loan.
It is considered a streamline because it allows you to refinance quickly, and often without an appraisal. This saves you money that would otherwise be needed upfront.
A streamlined FHA refinance also cuts down on the amount of paperwork a lender needs to complete, saving you time and money as well.
An FHA streamline refinance often requires:
no qualifying debt ratios
However, because an FHA streamline is designed to be quick and cost effective, there is no option to receive cash back.
The 2 Key Reasons to Choose an FHA Streamline
Like many refinance options, an FHA streamline refinance saves you money by lowering your interest rate and monthly payments. However unlike a traditional refinance, an FHA streamline is easier, faster, and less stressful to obtain. In short, greater benefits… with less effort.
Do I Qualify? Requirements for FHA Streamline
Are you currently in an FHA loan and have a credit score of at least 600? If you answered yes and have not had a late mortgage payment on your FHA home loan in the past 12 months, you qualify for an FHA streamline.
To determine whether this is the ideal time for you to do an FHA Streamline Refinance, or to find out how much much it would reduce your monthly payments, give us a call at 866-854-4242, or fill out our secure, easy, and free online application.
Either way, you’re guaranteed fast, friendly service from America’s FHA Streamline Refinance expert.
(By refinancing your home loan, the finance charges you pay may be higher over the life of the loan.)