How Does An FHA Streamline Refinance Work?
FHA streamline refinances are easier to qualify for than home purchase loans. They allow you to quickly reduce your interest rate without a lot of paperwork.
There are 4 key requirements.
Assuming you meet the 4 requirements listed, then you will need to provide your documentation to begin the process.
One of the main benefits of the FHA Streamline is the reduced paperwork required. Here is what you will need to provide:
Once received, your lender will determine if there is a Net Tangible Benefit before processing your application.
Once approved, you will sign the new note and mortgage agreement to claim your savings.
Click the button below to see how much you could save with an FHA Streamline refinance.