what is a fha streamline refinance loan

One of the major benefits of FHA loans and FHA Streamline Refinance is the falling mortgage insurance rate premiums. Speak to our licensed advisors today!

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The FHA Streamline Refinance program is a special refinance program for people who have a Federal Housing Administration (FHA) loan. It is the simplest and easiest way to refinance an FHA loan. Unlike a traditional refinance an FHA Streamline Refinance allows a borrower to refinance without having to verify their income and assets.

What is an FHA Streamline Refinance  · The FHA streamline refinance enables you to refinance a current FHA loan into another FHA loan with very little verification. Because of the lack of verification required, you are maximized on the amount you can refinance. Without an appraisal, you cannot include the closing costs for the loan, so any money you have to bring [.]

A borrower who already has an FHA loan may wish to refinance the loan. One of the easiest ways to refinance an FHA loan is through the FHA streamline.

good faith estimate of closing costs Receiving a good faith estimate. lenders are required by law to give you the Good Faith Estimate (GFE) within three business days of receiving the loan application. This will explain your loan terms and costs associated with the loan. The GFE must be mailed or hand-delivered by the end of the third day.

A Streamline Refinance can help expedite the refinance process. eligibility. You must have an existing FHA-insured mortgage to be considered for the fha streamline refinance program. You may even be eligible if you owe more on your mortgage than the current value of your home.

The FHA Streamline Refinance program is a special refinance program for people who have a Federal Housing Administration (FHA) loan. It is the simplest and easiest way to refinance an FHA loan. Unlike a traditional refinance an FHA Streamline Refinance allows a borrower to refinance without having to verify their income and assets.

FHA Streamline. The FHA Streamline is a refinance mortgage loan available to homeowners with existing FHA mortgages. The program simplifies home refinancing by waiving the documentation typically.

What Is An FHA Streamline Refinance Loan? Part Two. We have been discussing the question, "What is an FHA Streamline Refinance loan?" In our previous blog post on this subject we discussed what fha streamline refinance loans are, including the fact that they are intended only for FHA-to-FHA transactions only, and have no FHA-required credit check.

 · Dec 17, 2014 | Home Ownership. Five Advantages to Refinancing via FHA Streamline. If you decide to refinance, you may want to find out if you qualify for an FHA Streamline refinance loan.This type of mortgage program is available to those whose current mortgage is FHA insured.