FHA Streamline is a Refinance Program that lets FHA borrowers streamline refinance with no appraisal, no income, no points. There has never been a better time to FHA Streamline Refinance your Home and save money.
Cash Back, Closing Costs and FHA Streamline Loans. You must have a current FHA loan with no late payments or delinquency notices for at least 12 months. Your refinancing should be accomplished to get lower mortgage and interest payments. The refinancing process requires verification of employment, but proof of income is not required.
Streamline refinance refers only to the amount of documentation and underwriting that the lender must perform, and does not mean that there are no costs.
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The FHA streamline refinance is yet another example of how FHA is committed to. payment, without going through all the normal work associated with a refinance .. FHA will also allow for lender credits to help with some of the closing costs.
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