For homeowners who currently have an FHA loan, the FHA Streamline refinance could let you keep more money in your wallet each month with a transaction that’s been simplified. Some homeowners will find that they are able to lower their annual Mortgage Insurance Premium, interest rate, and monthly mortgage payment all at once.
Features of an FHA Streamline Refinance:
- Income may not need to be verified
- No new appraisal required
- Potentially lower Mortgage Insurance Premium
Talk with a Loan Officer to see if the FHA Streamline program can benefit you.