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!"
