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FHA Streamline Refinance

The FHA streamline refinance program is a streamlined refinance program whereby very little documentation is needed to get the loan approved thereby making the process of getting this loan comparatively simple and stress free. Eligible customers currently need to have an FHA loan. This program rarely requires any income or asset documentation from the applicant nor is an appraisal of the property usually necessary. The FHA (Federal Housing Administration) has recently introduced a new FHA streamline refinance program that offers significantly reduced monthly mortgage insurance premiums for current FHA loan borrowers that have had their existing FHA loan on or before May 31, 2009. This reduced mortgage insurance allows you to capture today’s historically low FHA rates without any increase to your monthly mortgage insurance making an FHA streamline refinance much more attractive. Call or email us today to find out how much you could save with an FHA streamline refinance.