Did You Know?
The FHA Streamline Refinance program gets its name because it allows borrowers to refinance an existing FHA loan to a lower rate more quickly. Avoiding a lot of paperwork, and often without an appraisal, the Streamline option saves borrowers time and money. You can reduce the interest rate on your current mortgage without a full credit check; yet, you need to have paid your mortgage on time over the last 12 months.
The FHA Streamline Refinance program gets its name because it allows borrowers to refinance an existing FHA loan to a lower rate more quickly. Avoiding a lot of paperwork, and often without an appraisal, the Streamline option saves borrowers time and money. You can reduce the interest rate on your current mortgage without a full credit check; yet, you need to have paid your mortgage on time over the last 12 months.
*All overlays herein are subject to change without notice.
*By refinancing your current mortgage, your finance charges may be higher over the life of the loan
*REFINOW program guidelines require that applicants receive a reduction of at least $50/month to qualify. Contact your lender for more information
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