An FHA Streamline refinance is uniquely designed to help you quickly and easily refinance your current FHA mortgage. The program is government insured and requires less documentation and underwriting than conventional loans which means you can close your loan quicker and get your funds faster!
And changes enacted by the Federal Housing Administration (FHA) made an FHA Streamline mortgage even more affordable! In addition to the simplicity of the FHA Streamline program (i.e.: no appraisal required, limited documentation, lower credit requirements), certain borrowers may qualify to receive a greatly reduced Upfront Mortgage Insurance Premium (UFMIP) and a reduced annual premium for certain FHA borrowers.
As an approved FHA Lender, Reliance First Capital can help you secure an FHA Streamline refinance today! Call us now to learn more.
You can use an FHA Streamline refinance to:
Lower your monthly interest rate
Shorten the term of your current mortgage
Switch from an Adjustable to a Fixed Rate mortgage
Some of the benefits of an FHA Streamline program include:
An appraisal may not be necessary
Lower credit requirements
Limited documentation required
You don't have to pay off derogatory debt
Call us now to find out if you qualify and learn how quickly you can close your loan.