FHA Streamline Refinance can lower your rate or if you want to pay your loan off quickly, we can get you the mortgage you want. There are some documents you will have to provide us and we can get you the FHA streamline mortgage.
FHA Streamline Refinance Rates
Lowest rates are here with FHA Loans, in 2015, rates have fallen to the best mortgage rates.
How Does FHA Home Loan Group Help?
At FHA Home Loan Group, we help you qualify for FHA Streamline Refinance and get you the best rates possible for your financing needs. There are certain types of restrictions regarding late payments, if this is a frequentoccurred in the past, if 30 days late payments. However, FHA Streamline government program is thefastestand easiest way to refinance a mortgage.
Features of an FHA Streamline
- Skip up to 2 payments
- No money out of pocket options
- No minimum income requirement
- No appraisal required
- Refund current escrow account
- Fast in-home closings
Start the FHA Streamline Refinance Process Today!
Just give us a call and we can walk you through this process.
FHA REFINANCE: STREAMLINED REFINANCING
Homeowners who reside in their principle residence can only qualify for FHA Streamline Refinance programs. So, if you need extra money for kids college or bill consolidation or a well earned vacation or medical needs — this would be a fast way to get funds in your hands.
This loan has been designed for fast approvals and processing to allow homeowners paying high interest rates to reduce them using the FHA streamline refinance program. The program allows for reduced paperwork needed by the lender to save on time and money to get you your loan faster, at a better mortgage rate.
FHA Streamline Refinance program requires that your original home loan must be an FHA Loan in good standing and refinancing your existing mortgage must lower your monthly interest payments. Lowering your monthly payments, saving you money but there are no options to receive cash back at closing. So, this loan is designed to help you improve your monthly cash flow, so if you are good financial standing and need the extra money from saving on your mortgage interest rate, then FHA Streamline Refinance program is a good option for you.
Streamline FHA Mortgage
Since the early 1980s FHA has permitted streamline refinancing on insured mortgages. Reduced documentation and underwriting by lenders is what the term “Streamline refinance” means, so this reduction of processing costs saves you money:
- 1. Must already be an FHA insured mortgage for FHA Streamline Refinance program
- 2. Current mortgage must be current (not delinquent)
- 3. FHA Streamline Refinance must lower borrower’s monthly principal and interest payments, or, under certain circumstances, the conversion of an adjustable rate mortgage (ARM) to a fixed-rate mortgage.
- 4. No cash out possible at closing of the refinancing for Streamline FHA Mortgage Loans
Call us for more information and start the processing.