If you currently have a Federal Housing Administration (FHA) mortgage, you may be eligible for one of the simplest money-saving refinances available today. The FHA Streamline Refinance allows existing FHA borrowers to reduce their interest rate without having to jump through hoops.
Lower monthly principal and interest payments
No verification of income
Option to refinance without an appraisal
Subordinate financing may remain in place
Eligible properties: Owner-occupied 1-4 unit properties, condos, PUDs – excludes manufactured homes
Eligible transactions: Adjustable–Rate Mortgage (ARM) to ARM, ARM to fixed, fixed to ARM, fixed to fixed
Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.