An FHA Streamline Refinance is a very simplified refinance loan designed to lower the interest rate on an existing FHA mortgage loan.
The paperwork and processing time on FHA Streamline Loans are greatly reduced making the process very "streamlined".
Features and Benefits of an FHA Streamline Refinance:
~ Minimum credit score of 550
~ No appraisal required
~ Full credit report not required
~ Current mortgage must have no 30-day lates in last 6 months
~ The refinance must provide a "net tangible benefit" meaning it must be in the financial interest of the borrower
~ Property must be the borrower's primary residence
If you would like to learn more about VA Streamline Refinance Loans, give us a call at 803-771-0080 or fill out the short form on this page and we will get back with you promptly.