Benefits of a Streamline Refinance
If you’re reading this blog right now you’re probably wondering why more people don’t take advantage of this program. I mean, what other loan program in today’s market allows the homeowner to lower their rate and monthly payment with the following benefits:
- No appraisal
- No income verification
- Low FICO’s
- Minimum documentation
- Low 30 Year Fixed and Adjustable Rates
Most lenders today are unwilling to look at any refinances where there is more than 80% loan to value. Meaning if your loan is more than 80% of the value of the house (what it would sell for in 30 days) the lender is going to deny the file. HUD was established long ago to help people buy homes. The FHA Streamline Refinance has been around for almost 30 years and it’s still not a widely recognized program.
The FHA Streamline Refinance can be done within 21 days and will be the easiest loan you have ever completed. Limited documentation is required by you and the underwriters won’t review credit, income, or equity.
The loan can be designed specifically for you. If you want to save money on your mortgage payment in the short and long run please consider the FHA Streamline Refinance. We can structure the loan with no closing costs and we offer the American Heritage rate guarantee. Please ask us how you can qualify.
If you’re interested in learning more about the program click here to read an excerpt from the HUD home page regarding FHA Streamline Refinance. If you’d like more information please feel free to contact us by phone or email for more information.