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The FHA Streamline Refinance is a special mortgage product, reserved for homeowners with existing FHA mortgages.

FHA Streamline Refinance

FHA Streamline Refinances are the fastest, simplest way for FHA-insured homeowners to refinance their respective mortgages into today's mortgage rates.

The FHA Streamline Refinance program's defining characteristic is that it does not require a home appraisal.

 

The FHA offers streamline refinances on existing FHA Mortgages.

 

The term  "streamline" refers to the amount of documentation required.

 

The Benefits of a FHA Streamline Refinance:

 

  • Appraisal usually not required

  • Very little paperwork

  • Lower credit requirements, income verification, employee verification, and underwriting fees

  • Easily increase or decrease the length of the term of your existing loan

  • Take advantage of current low interest rates

  • Little or no out-of-pocket costs

  • The basic requirements of a streamline refinance are:

  • The mortgage to be refinanced should be current (not delinquent).

  • The refinance is to result in a lowering of the borrower's monthly principal and interest payments.

  • No cash may be taken out on mortgages refinanced using the streamline refinance process.

     

     

     


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FHA Loan Information

 

The FHA does not lend money. The FHA (Federal Housing Administration) is part of HUD & backs individual Approved Lenders.

 

Our responsibility is to help you find the best FHA Approved Lender who can help you secure financing.

 

 When you fill in our short application we will provide your information to one, (and only one)  FHA Approved Lender who can help you based upon many factors, including your Credit Score, your State Location, and the Type of Loan you apply for. Our responsibility is to help you find the best FHA Approved Lender who can help you secure financing.

 

Note: We are not affiliated with the Federal Housing Administration, the Department of Housing and Urban Development, or any other government agency. We are an FHA Educational Resource.


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FHA News & Information

Last week's drop in interest rates sparked a surge in purchase mortgage application volume for the first time in over a month.