FHA Streamline Refinance
FHA has permitted streamline refinances on FHA insured mortgages since the early 1980’s. The term “streamline” means that the amount of required documentation and the lender’s underwriting requirements have been streamlined to make it easier for you to refinance. Streamline refinance basis requirements consist of the following:
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1. Only FHA insured mortgages can be refinanced.
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2. The borrower must be current on the mortgage they are refinancing.
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3. The result of the refinance must be to lower the borrower’s monthly principal and interest payments.
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4. No cash can be taken out by the borrower on a refinanced mortgage using the FHA streamline refinance process.
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GoApplyFHA.com specializes in FHA streamline loans and FHA streamline refinance. Our expertise in FHA mortgage loans guarantees that your loan process will go smoothly, and you can rest assured that our Loan Officers are highly qualified and capable of handling your specialized FHA needs. Because we specialize in refinancing FHA loans, we can find you the lowest rates available. By updating our interest rates on a daily basis, you benefit by locking in the best rates that are available. If the rates go down during our loan processing, we will make every attempt to get you the lower rate.
There has never been a better time to apply for your FHA streamline refinance.
