FHA Streamline Refinance

Do you currently have an FHA-insured mortgage? If you do, you may be able to easily refinance your mortgage, even if you are underwater. With the Streamline program, we've helped a lot of people save money on their monthly home payments.

• No Job?
• No Income?
• No Home Equity?
• No Credit?
• No Problem

The FHA Streamline Refinance program is designed to allow borrowers with FHA loans to take advantage of today's low mortgage rates environment. Some of the features of the Streamline program are:

• In most cases, a new appraisal is not needed. Even if your home has lost a lot of value, you can still refinance despite negative equity.
• Most people will not need new income or employment verification.
• A new credit check is usually not needed.
• Low closing costs - in many instances, streamline refinances can be structured to have low or no closing costs.
• Fast turnaround times - due to the diminished paperwork requirements, many FHA refinances can be completed in 30 days or less.

Eligibility Requirements:

• Your mortgage must already be insured by the FHA.
• You must be current on your mortgage payments (no late payment in the prior 12 months).
• The refinance must lower your monthly principal and interest payments, or in some cases make your mortgage more stable by moving from an adjustable-rate to a fixed-rate product.
• Your loan balance may not increase to pay for closing costs or other loan fees.
• You may not have refinanced your mortgage in the past 210 days.

Does this program look appealing to you? Call us today at 877-868-2503 to get prequalified for an FHA Streamline Refinance today.

If you have any questions that you would like to get answered by our expert mortgage brokers, please email us or call us at 1-877-868-2503.

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