FHA Streamline Refinance, easy & fast & a good deal

Mar 4, 2013   //   by Ben Gerritsen   //   Loan Programs Info, Mortgage News  //  Comments Off on FHA Streamline Refinance, easy & fast & a good deal

FHA Streamline Refinance

 FHA Streamline Refinance Program Guidelines & Interest Rates

The FHA offers streamline refinances on insured mortgages. The term  “streamline” refers to the amount of documentation required. The Benefits of a FHA Streamline Refinance

  • Appraisals are usually not required – For most loans.
  • Very little paperwork
  • No credit check, income verification, employee verification, or 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.
We Take the guesswork out of searching for the lowest FHA Streamline Refinance Rate.

Fill out our free online application and an FHA Home Loan Specialist will contact you within 1 business day with the ‘guaranteed lowest rate’ available in your area.

This article was written by Ben Gerritsen, Ben is is a mortgage specialist based in Utah.
Mortgage loans that Ben specializes in are: FHA mortgage loans, Loans, conventional loans, Jumbo mortgage loans.
For your Utah Mortgage loan call Ben at: 801-747-9176

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