Lower Monthly Payments and Interest Rates
An FHA Streamline is a mortgage product that allows homeowners to “streamline” their current FHA loan by reducing the monthly payment and/or interest rate. This is a great loan option for borrowers who want to reduce their monthly payment and/or interest rate with very little qualification in terms of required documents. FHA streamlines often times do not need an appraisal, and therefore have very low closing costs.
- Reduction of monthly payment and/or interest rate.
- Little documentation required to qualify.
- Low closing costs
- Fast and simple process
If you currently have an FHA loan and want to reduce your interest rate and monthly payment, then contact us to discuss an FHA Streamline.
We’ll help you see the differences in loan programs and ultimately find the mortgage product that is going to best fit your financial needs.