Overview
The FHA Streamline Refinance provides homeowners with a simplified, low-cost refinancing option when moving from one FHA loan into a new one. Our NEW Streamline Express offers a faster process and improved pricing for eligible FHA Refinances.
By removing many of the barriers to refinancing, the goal is to encourage more mortgage holders to take advantage of lower mortgage rates, to move from an adjustable-rate loan to the long-term security of a fixed-rate mortgage, or other beneficial changes.
This will likely make it even easier for consumers to stay current with their mortgage payments, potentially free up funds for other purposes, and lead to greater financial stability and successful homeownership for many years to come.
The Benefits
The FHA Streamline Refinance contains a wide array of options that could meet your borrowers’ needs, including but not limited to:
- Less documentation when compared to a standard refinance.
- Less documentation eliminates fees as well — making it a much less costly transaction than a typical purchase or refinance home loan. The reduced expenses help homeowners start to see the financial benefit of their new loan even sooner.
- Quicker underwriting process.
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