Tuesday, August 8, 2017

FHA Streamline Refinance



The Federal Housing Administration (FHA) streamline refinance is a special mortgage

program for those individuals who have existing FHA loans. The program is the fastest

and easiest way for FHA-insured homeowners to take advantage of today’s affordable

interest rates. The requirements are:

• No property appraisal required

• No 30-day late payments in the last 12 months

• You must have made at least six payments, since 1st payment, on your current loan

• Minimum 210 days must have passed from the closing date of the mortgage being

refinanced

• The refinance must have a “net tangible benefit” (a reduced combined rate of at least

0.5%; or a reduced loan term; or a change from an adjustable rate mortgage to a fixed

mortgage)


Please contact me today. We can review your account details and determine if this is

the right time to refinance your FHA loan. As always, it would be a pleasure to help.


Call The Easterbrook Team if you would like to discuss your refinance needs.
916.850.6050
EasterbrookTeam@spmc.com
"We Make The Loan Process Easy!"


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