FHA Streamline Refinance

FHA Streamline Refinances are a great way to reduce your current (FHA insured mortgage) interest rate without going through all of the paperwork needed to do a traditional refinance transaction.

FHA Steamline refinances are designed to lower your monthly principal and interest payments and must involve no cash back to the borrower, except for minor adjustments at closing not to exceed $250.00.

FHA Streamline refinances can be made with or without an appraisal. *

FHA Streamline refinances do not require a credit report or verification of employment. *

Lenders can use an abbreviated version of the Uniform Residential Loan Application (1003) that omits sections IV, V, VI, and a-k of VIII, provided all other required information is captured. The lender must assure itself that is in compliance with Equal Credit Opportunity Act and all other regulations, the loan application does not need to be signed by the borrower (s) until closing.

We have been seeing a huge demand for this type of refinance transaction in today's market.

There is not another product on the market that will allow you to refinance your current mortgage without an appraisal or credit report. This is huge! The housing market today is not what it was a couple of years ago, hence you may still be able to refinance even though your true appraised value of your home went down, or even your credit score for that matter.

Please email if you would like to see if you qualify for a streamline refinance. It's not going to cost you a thing, but could save you a small fortune!