FHA Streamline Refinance

What is an FHA Streamline Refinance Loan

FHA Streamline Refinancing Loan is for homeowners who have an existing FHA mortgage and are looking to reduce their FHA mortgage insurance premium and interest rate. In order to be eligible for a FHA Streamline Refinance, the refinance must have a purpose as in either lowering your interest rate or reducing your insurance premium, or maybe both. Mortgage Insurance Premiums are constantly changing depending on the market, call us to see how much you can save today.

FHA Streamline Loan Requirements

Eligibility requirements for an FHA mortgage are pretty flexible. They include:

  • Homeowners with existing FHA mortgage loan
  • Good payment history of current mortgage over the previous year
  • Must receive lower interest rate or insurance premium benefit
  • Minimum credit score of 580

Benefits of an FHA Streamline Loan

  • No Appraisal Required
  • Lower interest rates and insurance premiums
  • little to no documentation requirements
  • Reduced credit history requirements

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